Peru's inti had already collapsed in practical terms before this note was printed. Inflation peaked above 7,600% in 1990 — the year this denomination was issued and also the year the currency itself was abolished, replaced by the nuevo sol at a conversion rate of one million intis to one nuevo sol. That exchange rate is, in effect, the denomination printed on this note.
Because the inti was scrapped almost immediately after these million-unit notes entered circulation, few saw extended use. Thomas De La Rue produced the printing in London, which was standard for Banco Central de Reserva issues throughout the hyperinflationary period.
Peru's inti had already collapsed in practical terms before this note was printed. Inflation peaked above 7,600% in 1990 — the year this denomination was issued and also the year the currency itself was abolished, replaced by the nuevo sol at a conversion rate of one million intis to one nuevo sol. That exchange rate is, in effect, the denomination printed on this note.
Because the inti was scrapped almost immediately after these million-unit notes entered circulation, few saw extended use. Thomas De La Rue produced the printing in London, which was standard for Banco Central de Reserva issues throughout the hyperinflationary period.