Catalog
100.000 Intis
| Issuer | Banco Central de Reserva del Perú |
|---|---|
| Year | 1988 |
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| Currency | Inti (1985-1991) |
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| Obverse description | The obverse presents an intaglio portrait of Andrés Avelino Cáceres at right, rendered against a complex guilloche underprint in ochre and brown tones. At upper left, the bank title BANCO CENTRAL DE RESERVA DEL PERÚ is printed in letterpress, with the denomination numeral 100000 at upper left and the national arms vignette at center-left. Three facsimile signatures appear across the lower center, corresponding to Director, Presidente, and Gerente General, above the date 21 DE DICIEMBRE DE 1988 printed in red at lower left. |
|---|---|
| Obverse lettering | BANCO CENTRAL DE RESERVA DEL PERÚ 100000 CIEN MIL INTIS 21 DE DICIEMBRE DE 1988 DIRECTOR PRESIDENTE GERENTE GENERAL |
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| Comments |
Peru's inti was introduced in 1985 to replace the sol at a rate of 1,000 to one — itself a concession to years of inflation. By 1988, when this 100,000-inti note was issued, annual inflation was running above 1,700 percent and accelerating sharply toward the hyperinflationary peak of 7,485 percent that would be recorded in 1990. The denomination is not an outlier; it was a necessity.
The note was printed by De La Rue Giori in Lausanne, whose intaglio equipment was in wide use across Latin American central banks during this period. Within two years of issue, the entire inti series was rendered obsolete by the introduction of the nuevo sol, which redenominated at one million intis to one.