1992: The Sun in Peruvian Currency May 29, 2020

In 1991, Peru renamed its currency 'nuevo sol' (new Sun) because its hyperinflation rates were sky-high. Well not really, and actually, the Sun has always played a role in the currency names since 1863, though granted those have just been Peruvian Sol, Inti from 1985 (represented I/), and new Sol in 1991 (represented S/), both changed due to hyperinflation. The name Inti comes from the name of the Incan Sun god. Indeed, this is not the only unit named for the Sun, as there was also the medieval French coin 'sou'.

Support Word Facts with 1 new Sol, or 1 billion old Soles (equivalent value) on patreon.com/wordfacts

Previous
Previous

1993: French Places and Gallic Tribes May 30, 2020

Next
Next

1991: ℞ or Rx? May 28, 2020