Peru 1987 inti
This type, issued 1985-88 from Lima, reflects the accelerating pace of inflation which devastated Peru in the late 1970's and 1980's. Beset by the Sendero Luminoso rebellion, growing narco-trafficking influence and corrupt, incompetent military rule, the regime attempted to check inflation by reforming the currency; 1000 soles = one inti. This reform failed and another reform was instituted in 1989. The bust is of Admiral Grau, victor of a naval battle against the Chileans in which he was killed.
Recorded mintage: 120,000,000.
Specification: 7 g, copper-nickel, 25 mm diameter, reeded edge, designed by Manuel Chavez.
Catalog reference: KM 296.
- Michael, Thomas, and Tracy L. Schmidt, Standard Catalog of World Coins, 1901-2000, 47th ed., Iola, WI: Krause Publications, 2019.
- Yabar Acuña, Francisco, Monedas Fiduciaras del Peru, 1822-2000, Lima, 2001.