In 1985, the inti It was introduced in Peru as part of a monetary reform aimed at combating the hyperinflation that was plaguing the country. However, due to continuous devaluation, the inti was replaced by the new sol in 1991. Today, the intis have become obsolete and their value is more symbolic than monetary.
In the current market, Peruvian intis are considered collectible pieces, and its value depends on several factors such as its state of conservation and demand among collectors. Analyzing the value of one million intis gives us an interesting perspective on the recent economic history of Peru.
How much would 1 million intis be worth today?
The inti was created to replace the sol de oro, with an exchange rate of 1,000 soles de oro for 1 inti. This measure was taken to try to control the rampant inflation that was affecting the Peruvian economy. However, inflation continued and the inti also suffered a rapid devaluation. In 1991, the inti was replaced by the nuevo sol, with an exchange rate of 1 million intis for 1 nuevo sol.
How much are intis worth among collectors?
Today, intis no longer have monetary value in terms of everyday purchasing power. However, they have value on the collectors market. According to experts, one million intis can reach a price that varies depending on the demand and the condition of the coins or bills. On average, one million intis could be worth around 100 to 150 Peruvian soles on the collectors market.
What can you buy with a million intis today?
If we refer to its current equivalent, one million intis is equivalent to one sol, a figure that can be used for a short-distance ticket or some candy.
With the current value of one million intis, which is approximately S/150 among collectors, several products and services for daily consumption can be purchased. For example, with S/150 you could buy:
- Food products: A basic basket that includes rice, noodles, oil, sugar, milk and other essential products.
- Transport: About 5 to 6 taxi trips within the city.
- Recreation: A couple of movie tickets, including snacks.
What are intis used for today?
For numismatists, the intis represent a turbulent time in the Peruvian economy. Well-preserved coins and bills are sought after by collectors, not only Peruvian, but also international. The sale of these can be done through auctions, specialized stores or even online.
Recommendations for collectors
If you own intis and want to sell them, it is important to consider their state of conservation. Banknotes without folds, stains or damage are more valued. Additionally, researching the market and contacting numismatic experts can help you get a better price for these historical pieces.
Can intis be changed to soles?
“The gold and intis sole bills and coins are not used for transactions nor can they be exchanged for sol bills and coins,” is the information provided by the Central Reserve Bank of Peru (BCRP) on its official website.
Source: Larepublica
Alia is a professional author and journalist, working at 247 news agency. She writes on various topics from economy news to general interest pieces, providing readers with relevant and informative content. With years of experience, she brings a unique perspective and in-depth analysis to her work.
