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.
23/02/2020: COVID-19 Pandemic's Impact on the Iranian Rial
The COVID-19 pandemic, along with economic challenges, caused further depreciation of the Iranian Rial (IRR) against major currencies.
10/04/2018: Revaluation of the Iranian Rial
Iran's government announced a new currency exchange rate, devaluing the Iranian Rial (IRR) against foreign currencies.
15/12/2015: Introduction of New Sol Banknotes
New series of banknotes featuring improved security features and designs were introduced for the Nuevo Sol.
24/09/2012: Imposition of International Sanctions on Iran
International sanctions were imposed on Iran, leading to a significant decline in the value of the Iranian Rial (IRR).
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.
24/05/1989: Introduction of the Two-Tier Exchange Rate System
Iran implemented a two-tier exchange rate system, with different rates for essential goods and non-essential imports.
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.
26/10/1975: Floating of the Iranian Rial
The Iranian Rial (IRR) was allowed to float against foreign currencies, marking the end of the fixed exchange rate system.
01/09/1957: Decimalization of the Iranian Rial
The Iranian Rial (IRR) was decimalized, dividing one Toman into 10 Rials to simplify the currency system.
01/04/1932: Introduction of the Iranian Rial
The Iranian Rial (IRR) was introduced as the official currency of Iran after replacing the Qiran.
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.
23/11/1850: Introducción of Peruvian Sol
The Peruvian Sol was introduced as the official currency of Peru to replace the Spanish real.