Catalog
50 Intis
| Issuer | Banco Central de Reserva del Perú |
|---|---|
| Year | 1986 |
| Type | Standard circulation banknote |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | BANCO CENTRAL DE RESERVA DEL PERÚ CINCUENTA INTIS 50 6 DE MARZO DE 1986 DIRECTOR PRESIDENTE GERENTE GENERAL |
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| Protection description | Portrait watermark of Nicolás de Piérola, visible in the unprinted area at the left of the obverse when held to light |
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| Comments |
The Inti was introduced in February 1985 as Peru replaced the Sol de Oro at a rate of 1,000 to 1, an early attempt to stabilize an economy already sliding into hyperinflation. It didn't work. By 1990, the Inti itself was being replaced by the Inti Millones, and then by the Nuevo Sol — the denomination having become worthless faster than the paper could be printed.
The Central Reserve Bank printing this note in-house rather than contracting a specialist security printer like TDLR or Giesecke & Devrient was itself a symptom of the fiscal crisis. Local production was cheaper; it was also easier to accelerate print runs as inflation demanded higher denominations in rapid succession.