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5000 Intis

Issuer Banco Central de Reserva del Perú
Year 1988
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Value 5000 Intis (5000 PEI)
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Obverse description Intaglio portrait of Admiral Miguel Grau to the right, set against a multicolour guilloche underprint with the Peruvian coat of arms at centre; the issuer's name arches across the top, face value numerals appear at lower left and both right corners, the denomination in words is inscribed below the coat of arms, and a blank watermark panel occupies the left margin. All principal elements are rendered in fine intaglio engraving.
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Protection type Watermark
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Comments

The Inti was introduced in 1985 to replace the Sol at a rate of 1,000 to 1, itself an acknowledgment that the old currency had been consumed by inflation. By 1988, when this note was issued, that effort was already failing — Peru was deep into the hyperinflationary spiral that would eventually require yet another replacement currency, the Nuevo Sol, in 1991. The 5,000 Inti denomination, unthinkable at the Inti's launch three years earlier, was a direct symptom of that acceleration.

Giesecke & Devrient handled printing throughout the series. The watermark is the sole mechanical security feature — a reflection of how quickly the denomination structure was outpacing the infrastructure to protect it.

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