The Peruvian Sol is the currency of Peru, managed by the Central Reserve Bank of Peru. It replaced the inti in 1991 and has been one of Latin America's more stable currencies, supported by strong economic fundamentals and prudent monetary policy.
Economy
Peru is a member of Pacific Alliance, UNASUR, OAS, Andean Community, APEC.
Main industries include: Mining and refining of minerals, Steel, Metal fabrication, Petroleum extraction and refining, Natural gas and natural gas liquefaction, Fishing and fish processing, Cement, Glass, Textiles.
Peru is part of the World Trade Organization.
Imports are petroleum and petroleum products, chemicals, manufactured goods, machinery, transport equipment, iron and steel, wheat, corn, soybean products.
Major exports include copper, gold, lead, zinc, tin, iron ore, molybdenum, silver, crude petroleum, natural gas.
GDP: $242.6 billion (2023 est.).
GDP per capita: $7,237 (2023 est.).
Unemployment rate: 7.2% (2023 est.).
Inflation rate: 6.5% (2023 est.).
Main trading partners: China, United States, Brazil, Canada, South Korea, Japan.
Previous currencies used: Inti, Sol de oro, Historical sol.
The current sol was introduced in 1991, replacing the inti at 1,000,000:1. The name 'sol' comes from the Latin word for sun, reflecting the Inca sun god Inti.
1863: First sol introduced
1985: Inti introduced to combat hyperinflation
1991: New sol introduced (1,000,000:1 vs inti)
2015: 'Nuevo' dropped, became simply 'sol'
2020: COVID-19 pandemic economic impact
Exchange rate peg: Free floating since 1991.
General Information
ISO 4217 Code: PEN
Symbols: PEN/S/.
Currency Subunits: 100 céntimos
Central Bank: Central Reserve Bank of Peru
Monetary Policy: Inflation targeting with 2% target (±1% tolerance band). Flexible exchange rate with occasional interventions.
Data Sources: Central Bank: Central Reserve Bank of Peru (bcrp.gob.pe), Economic Data: National Institute of Statistics and Informatics, World Bank, IMF, Trade Data: National Superintendency of Tax Administration, Demographic Data: National Institute of Statistics and Informatics, Geographic Data: National Service of Meteorology and Hydrology, Historical Data: Central Reserve Bank of Peru archives