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Would you like to know name of the currency in Peru? The currency used in Peru is called Nuebo Sol.

The Peruvian Nuebo Sol is issued and managed by the Central Reserve Bank of Peru. To find out the current currency exchange rates for Nuebo Sol to other major currencies of the world, click on foreign currency rates.

Peruvian Currency Information
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The currency used in Peru is called as the Nuebo Sol. This currency is denoted with the currency sign S/. and the ISO 4217 Code for the Peruvian Nuebo Sol is PEN. The Nuebo Sol, is the official currency of the Peru . It is divided into 100 smaller units called céntimo.

The constitution of Peru provides that the Peru government shall have the power to print the Peruvian Nuebo Sol and céntimo coins to be used as a legal tender in Peru. The Peruvian Nuebo Sol bank notes and Céntimo coins are both designated as "legal tender" in payment of debts.

The Peruvian Nuebo Sol bill uses the decimal system, consisting of 100 equal units.

The symbol S/., usually written before the numerical amount, is used for the Peruvian Nuebo Sol.

Currently printed bank notes denominations are 10, 20, 50 & 100 nuevos soles 200 nuevos soles and the coins are minted in the denominations of 10, 20 & 50 céntimos, 1, 2 & 5 nuevos soles 5 céntimos.

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The Effect of Balance of Trade and Investment on the Value of Peruvian Nuebo Sol
Financial analysts regularly cite the balance of trade and investment in Peru as the most important influence on the value of the Nuebo Sol. The difference between what the Peru exports and imports in terms of goods and services to and from other countries can be obtained from a balance of trade statement.

The balance of investment on the other hand represents the difference in exports and imports of capital. If exports from Nuebo Sol exceed imports from other countries, in either the balance of trade or balance of investments, it is called a surplus. The term deficit is used when the imports into Nuebo Sol exceed exports to other countries. The points below go into detail to explain on how the balance of trade and balance of investments affect the Peruvian Nuebo Sol.

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