Countries that use the Nuevo Sol
The Nuevo Sol was established in 1991 as an official national currency and is used only in Peru. 1 Sol is devided into 100 Céntimos.
1.00 Nuevo Sol = 0.30 US Dollar
Exchange rate history 10 PEN in USD
Nuevo Sol as currency
Currency reserves for the Nuevo Sol
According to the International Monetary Fund, the total broad money (M3) amounted to PEN 284.71 billion at the end of 2016. For currency hedging, reserves were held in a total amount of 208.59 billion Sols. This corresponds to a ratio of 1:1.4. Or in other words: 1 of 1 Sols is deposited with a countervalue, which is internationally already above average.
Approximately 4.7 billion Sols (2.3%) of the currency reserves exist in gold reserves, the remainder consists of foreign currencies, special drawing rights in the International Monetary Fund and other reserve positions.Worldwide currency and gold reserves
All information without guarantee.