What is the official currency of Peru?

Answer and explanation

Correct answer: A. Peruvian Sol (PEN)

  1. Step 1: The currency was introduced in 1991 as the Nuevo Sol ('New Sun') to replace the hyperinflated inti at a ratio of 1,000,000 intis = 1 sol.
  2. Step 2: In 2015, the Peruvian government officially shortened its name from 'Nuevo Sol' simply to 'Sol'.
Answer
Peruvian Sol (PEN)
Why not the others: 'Chilean Peso' is the currency of Chile; 'Bolivian Boliviano' is the currency of Bolivia; 'Ecuadorian Sucre' was the historic currency of Ecuador before dollarization in 2000.

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