100 Nuevos Soles

Peru's shift to the nuevo sol in 1991 was a direct consequence of the catastrophic hyperinflation that destroyed the inti — at its worst, annual inflation exceeded 7,000 percent in 1990. One nuevo sol replaced one million intis, an exchange ratio that captures just how badly the previous currency had collapsed under the García administration.

The Istituto Poligrafico e Zecca dello Stato, Rome's state printing and mint operation, produced this series — the same facility responsible for Italian banknotes and postage stamps, chosen by several Latin American central banks during this period for its intaglio capabilities.