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10 Intis

Issuer Banco Central de Reserva del Perú
Year 1987
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Printer Banco Central de Reserva del Perú (BCRP)
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Reverse lettering BANCO CENTRAL DE RESERVA DEL PERU
DIEZ INTIS
10
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Protection description Ricardo Palma's portrait visible when held to light; embedded security thread running vertically through the note.
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Comments

The Inti was introduced in 1985 to replace the Sol at a rate of 1,000 to 1, itself a measure of how badly inflation had already eroded the currency. By 1987, when this note entered circulation, the situation was accelerating — Peru was in the grip of the hyperinflationary spiral that would eventually force a second redenomination in 1991, when the Inti was replaced by the Nuevo Sol at 1,000,000 to 1.

The BCRP printed its own notes in-house throughout this period, an unusual arrangement driven partly by the foreign exchange constraints that made contracting European security printers increasingly difficult.

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