Which South American country uses the Nuevo Sol as its currency?
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,
Single South American currency currency in South America. Single South American currency The single South American currency was a hypothetical united currency for South America. It was proposed by the leaders of several countries, and would have been issued by the Bank of the South to the members of the Union of South American Nations. A name for the currency has not yet defined, but several have been proposed, such as condor, American "Peso", Latino, pacha, sucre, colombo, and "Peso-Real", among others. The Bank of the South establishes monetary policy and finance development projects; one of the objectives of the monetary union is the