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.
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.