100 000 Intis

The 100,000 Intis note exists because the Inti itself was already failing. Peru's currency had been introduced in 1985 to replace the collapsing Sol at a rate of 1,000 to one, but inflation driven by the Alan García government's heterodox economic policies — price controls, nationalization attempts, and unchecked money printing — destroyed the Inti even faster. By 1989, annual inflation was running above 3,000 percent. This denomination, unthinkable at the Inti's launch just four years earlier, was a direct arithmetic consequence of that collapse.

Printing was contracted to Banco de México — an unusual arrangement that reflects how overstretched domestic production capacity had become under the pressure of issuing ever-larger denominations in ever-greater volumes. The Inti was retired entirely in 1991, replaced by the Nuevo Sol at one million Intis to one.