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.
28/07/2016: Bank of Japan announces stimulus package
The Bank of Japan announced an aggressive stimulus package and negative interest rates, causing the Yen to depreciate against major 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.
11/03/2011: Great East Japan Earthquake
The Tohoku earthquake and tsunami devastated Japan, leading to a decline in the Yen as reconstruction efforts strained the economy.
15/09/2008: Lehman Brothers bankruptcy
The bankruptcy of Lehman Brothers triggered a global financial crisis, resulting in a surge in the value of the Yen as investors sought safe-haven assets.
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.
20/03/1995: Kobe earthquake
The Great Hanshin earthquake struck Kobe, causing significant damage to the Japanese economy and leading to a decline in the value of the Yen.
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.
22/09/1985: Plaza Accord
Japan, along with major economies, agreed to depreciate the value of the US dollar, leading to the appreciation of the Yen.
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.
01/03/1973: Yen becomes a floating currency
The Yen lost its fixed exchange rate and started floating against major currencies following the collapse of the Bretton Woods system.
15/12/1953: Yen is introduced
The Japanese Yen was first introduced as the official currency of Japan with the enactment of the Bank of Japan Act.
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.