The Nuevo Sol has been the currency of which country since 1991?
Peruvian sol Incas. At its introduction in 1991, the currency was officially called "nuevo sol" ("new sol"), but on November 13, 2015, the Peruvian Congress voted to rename the currency simply "sol". Because of the bad state of economy and hyperinflation in the late 1980s, the government was forced to abandon the inti and introduce the sol as the country's new currency. The new currency was put into use on July 1, 1991, by Law No. 25,295, to replace the inti at a rate of 1 sol to 1,000,000 intis. Coins denominated in the new unit were introduced on October 1, 1991,
Economy of Peru nuevo sol replaced the inti at a rate of 1 nuevo sol = 1,000,000 intis. The inti itself replaced another inflated currency, the sol, which was used between 1863 and 1985. The name "sol" comes from the Latin "solidus", and is also the Spanish word for "sun", which the ancient Inca civilization worshiped as the god Inti. The nuevo sol currently enjoys a low inflation rate of 2.5%. Since it was put into use, the nuevo sol's exchange rate with the United States dollar has stayed mostly between 2.80 and 3.30 to 1. Out of all the currencies of the