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50 Nuevos Soles
| Issuer | Banco Central de Reserva del Perú |
|---|---|
| Year | 1991-1999 |
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| Value | 50 Soles |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | Banco Central de Reserva del Perú CINCUENTA NUEVOS SOLES 50 ABRAHAM VALDELOMAR PINTO PRESIDENTE DIRECTOR GERENTE GENERAL 20 DE MAYO DE 1999 (Translation: Central Reserve Bank of Peru / Fifty Nuevos Soles / 50 / Abraham Valdelomar Pinto / President / Director / General Manager / 20 May 1999) |
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| Protection type | Watermark, Security thread, Optically variable ink |
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| Comments |
Peru's transition to the nuevo sol in 1991 was a direct response to the catastrophic hyperinflation that had obliterated the inti — by mid-1990, annual inflation had exceeded 7,000%. The nuevo sol was introduced at a rate of one million intis, effectively erasing six zeroes from the monetary system in a single reform decree.
De La Rue's involvement was a deliberate signal of institutional credibility at a moment when public trust in Peruvian currency was essentially zero. The optically variable ink on this denomination was among the more advanced anti-counterfeiting measures deployed in Latin America at the time of issue.