27/07/2020: Transition to Sol
Peru announced the removal of 'Nuevo' from the currency's name, making it officially known as the Sol once again.
24/03/2020: COVID-19 Impact on Indian Rupee
The global COVID-19 pandemic caused significant volatility in the Indian Rupee exchange rate, leading to depreciation against major international currencies.
08/11/2016: Demonetization
The Indian government announced the demonetization of ₹500 and ₹1,000 banknotes, requiring individuals to exchange or deposit their old currency notes at banks.
15/12/2015: Introduction of New Sol Banknotes
New series of banknotes featuring improved security features and designs were introduced for the Nuevo Sol.
03/07/2007: Indian Rupee Symbol
The Indian Rupee was given its own unique symbol ₹, representing the integration of the Indian Rupee into the global currency landscape.
01/10/1995: Introduction of Nuevo Sol
The Peruvian Sol was revalued and renamed as the Nuevo Sol, with a new currency code of PEN.
01/07/1991: Return to the Sol
Peru reintroduced the Sol as its official currency, replacing the Inti at a rate of 1 million Intis to 1 Sol.
21/06/1991: Liberalization of Indian Economy
India initiated economic reforms, including the liberalization of foreign exchange controls. This led to the beginning of the exchange rate regime reforms for the Indian Rupee.
01/02/1985: Creation of the Inti
The Peruvian Inti was created to replace the Sol as the official currency as part of an economic reform plan.
24/06/1957: Decimalization of Indian Rupee
The Indian Rupee was decimalized, dividing it into 100 paise. This change simplified the currency system and introduced a uniform monetary system across the country.
15/08/1947: Indian Independence
India gained independence from British rule, leading to the establishment of the Reserve Bank of India as the central bank and the Indian Rupee as the official currency.
01/07/1880: Adoption of the Sol de Oro Standard
Peru adopted the Sol de Oro standard, pegging the Sol to gold at a fixed rate.
01/01/1862: Introduction of Indian Rupee
Indian Rupee was introduced by the British government as the official currency of British India. It replaced various local and foreign currencies that were in circulation.
23/11/1850: Introducción of Peruvian Sol
The Peruvian Sol was introduced as the official currency of Peru to replace the Spanish real.