10 Intis

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.