50 Nuevos Soles

Peru's transition from the inti to the nuevo sol in 1991 was one of the more dramatic monetary resets in Latin American history — the inti had lost so much value that one nuevo sol was set equal to one million intis. This 1998 issue belongs to the stabilization period that followed, when the BCRP was printing domestically after years of relying on foreign security printers.

The in-house printing operation is worth noting. Few central banks in the region ran their own security presses at this scale, and the BCRP's facility represented a significant institutional investment in monetary self-sufficiency during the post-hyperinflation recovery.