Catalog
500.000 Intis
| Issuer | Banco Central de Reserva del Perú |
|---|---|
| Year | 1989 |
| Type | Log in to see details |
| Value | Log in to see details |
| Currency | Inti (1985-1991) |
| Composition | Log in to see details |
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| Printer | Log in to see details |
| Designer(s) | Log in to see details |
| Engraver(s) | Log in to see details |
| In circulation to | Log in to see details |
| Reference(s) | Log in to see details |
| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | BANCO CENTRAL DE RESERVA DEL PERÚ 500000 QUINIENTOS MIL INTIS 21 DE DICIEMBRE DE 1989 DIRECTOR PRESIDENTE GERENTE GENERAL |
| Reverse description | Log in to see details |
| Reverse lettering | BANCO CENTRAL DE RESERVA DEL PERÚ 500000 IGLESIA DE LA CARIDAD SEDE DEL PRIMER CONGRESO NACIONAL QUINIENTOS MIL INTIS |
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| Comments |
By the time this note entered circulation in 1989, Peru's inti was collapsing under one of the worst hyperinflationary episodes in Latin American history. The BCRP's decision to print locally rather than contract an overseas security printer was itself a symptom of the crisis — foreign exchange was too scarce to pay for the work. Annual inflation that year exceeded 3,000 percent, which meant a 500,000-denomination note was rendered effectively worthless within weeks of issue.
The inti was replaced entirely by the nuevo sol in 1991, at a conversion rate of one million intis to one sol. This note was part of the terminal phase of that currency's short, chaotic eight-year existence.