Catalog
1 000 000 Intis
| Issuer | Banco Central de Reserva del Peru |
|---|---|
| Year | 1990 |
| Type | Standard circulation banknote |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | BANCO CENTRAL DE RESERVA DEL PERU UN MILLON DE INTIS 1000000 1000000 HIPOLITO UNANUE 5 DE ENERO DE 1990 DIRECTOR PRESIDENTE GERENTE GENERAL |
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| Reverse lettering | BANCO CENTRAL DE RESERVA DEL PERU FACULTAD DE MEDICINA SAN FERNANDO UN MILLON DE INTIS 1000000 1000000 THOMAS DE LA RUE AND COMPANY LIMITED |
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| Comments |
Peru's inti had already collapsed in practical terms before this note was printed. Inflation peaked above 7,600% in 1990 — the year this denomination was issued and also the year the currency itself was abolished, replaced by the nuevo sol at a conversion rate of one million intis to one nuevo sol. That exchange rate is, in effect, the denomination printed on this note.
Because the inti was scrapped almost immediately after these million-unit notes entered circulation, few saw extended use. Thomas De La Rue produced the printing in London, which was standard for Banco Central de Reserva issues throughout the hyperinflationary period.