5 Nuevos Soles 1st type

Peru's nuevo sol was introduced in 1991 specifically to break the psychological association with the inti, which had collapsed under one of the worst hyperinflationary episodes in Latin American history — the inti lost roughly 99.99% of its value between 1985 and 1990. The bimetallic construction adopted for higher denominations like this piece mirrored a broader trend in the early 1990s, when several central banks turned to the format as a practical deterrent against counterfeiting in high-value circulating coins.