The sol is the currency of Peru. The exchange rate as of March 23, 2020 is 3.53 soles to the US dollar and 3.82 soles to the Euro. It was instated in 1991, when the Peruvian government abandoned the inti due to hyperinflation of the currency; the nuevo sol has since maintained the lowest inflation rate in Latin America. the 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.