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500 000 Intis
| Issuer | Banco Central de Reserva del Peru |
|---|---|
| Year | 1988-1989 |
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| Shape | Rectangular |
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| Obverse description | Blue and orange intaglio print on a multicolour guilloche underprint. Portrait vignette of writer and intellectual Ricardo Palma at right, rendered in fine line engraving; the Peruvian national arms at centre, flanked by guilloche patterned security panels. Three manuscript signatures appear below the arms, attributed to the Director, Presidente, and Gerente General respectively, with the date printed at lower left. |
|---|---|
| Obverse lettering | BANCO CENTRAL DE RESERVA DEL PERU QUINIENTOS MIL INTIS 21 DE DICIEMBRE DE 1989 500000 500000 500000 |
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| Comments |
Peru's hyperinflationary spiral in the late 1980s under the García administration was among the most severe in Latin American history — annual inflation peaked above 7,000 percent in 1990. The 500,000 Intis denomination, unimaginable when the Inti was introduced to replace the Sol in 1985, became routine by 1989. The Inti itself was abolished in 1991, replaced by the Nuevo Sol at a rate of one million to one.
The dual-printer arrangement — Banco de México and Thomas De La Rue — reflects production capacity under crisis conditions, and notes from each source show subtle differences in ink saturation and paper feel that specialists use to distinguish them.