Catalog
500.000 Intis
| Issuer | Banco Central de Reserva del Perú |
|---|---|
| Year | 1988 |
| Type | Pattern or trial banknote |
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| Obverse description | The obverse is dominated by a portrait of Miguel Grau Seminario in the right-hand vignette, set against a multi-coloured guilloche underprint in red and blue tones. The Peruvian national coat of arms appears in the upper centre, flanked by the bank title 'BANCO CENTRAL DE RESERVA DEL PERÚ' along the top margin. The denomination 'QUINIENTOS MIL INTIS' is printed in bold intaglio lettering at centre-left, with the date '21 DE DICIEMBRE DE 1988' and three signature lines (Director, Presidente, Gerente General) appearing in the lower central field. |
|---|---|
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| Reverse lettering | BANCO CENTRAL DE RESERVA DEL PERÚ 500000 QUINIENTOS MIL INTIS IGLESIA DE LA CARIDAD SEDE DEL PRIMER CONGRESO NACIONAL |
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| Comments |
The 500,000 Inti note is one of the more dramatic artifacts of Peru's hyperinflationary collapse under the second García administration. By 1990, annual inflation had exceeded 7,000 percent — the Inti had been introduced in 1985 to replace the debased Sol at a rate of 1,000 to one, and within five years it too was worthless. This note's face value, unthinkable at introduction, became routine pocket change before the series was abandoned entirely.
The Inti was itself replaced by the Nuevo Sol in 1991, at one billion Intis to one — a ratio that required notes at exactly this denomination to even function.