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50 Nuevos Soles
| Issuer | Banco Central de Reserva del Perú |
|---|---|
| Year | 1994 |
| Type | Standard circulation banknote |
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|---|---|
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| Reverse description | The reverse presents a detailed intaglio landscape vignette of the Laguna de Huacachina, an oasis lagoon surrounded by palm trees, desert dunes, and small buildings, with the caption 'LAGUNA DE HUACACHINA' inscribed below the vignette at left. The denomination numeral '50' appears in blue at upper left, with fine guilloche patterning filling the background. The issuer name runs along the top and the denomination legend is centered at the bottom. |
| Reverse lettering | BANCO CENTRAL DE RESERVA DEL PERÚ CINCUENTA NUEVOS SOLES 50 LAGUNA DE HUACACHINA |
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| Comments |
Peru's transition to the nuevo sol in 1991 was a direct response to the hyperinflationary collapse of the inti, which had depreciated so catastrophically that by 1990 the inflation rate exceeded 7,000 percent annually. The nuevo sol was introduced at a rate of one million intis to one — an exchange that effectively erased six zeros from the currency.
The BCRP printing this note in-house rather than contracting abroad reflects a policy shift toward domestic production capacity that the bank had been building since the 1980s. The hologram inclusion by 1994 was still relatively novel for Latin American central banks at that time.