Catalog
10 Intis
| Issuer | Banco Central de Reserva del Perú |
|---|---|
| Year | 1987 |
| Type | Standard circulation banknote |
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|---|---|
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| Protection type | Watermark, Security thread |
| Protection description | Ricardo Palma's portrait visible when held to light; embedded security thread running vertically through the note. |
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| Comments |
The Inti was introduced in 1985 to replace the Sol at a rate of 1,000 to 1, itself a measure of how badly inflation had already eroded the currency. By 1987, when this note entered circulation, the situation was accelerating — Peru was in the grip of the hyperinflationary spiral that would eventually force a second redenomination in 1991, when the Inti was replaced by the Nuevo Sol at 1,000,000 to 1.
The BCRP printed its own notes in-house throughout this period, an unusual arrangement driven partly by the foreign exchange constraints that made contracting European security printers increasingly difficult.