The currency used in Peru is the Peruvian sol, abbreviated as PEN. The sol is further subdivided into 100 céntimos. The Peruvian sol became the country’s official currency in 1991, replacing the inti, which had seen significant inflation. The Central Reserve Bank of Peru governs the issuance and regulation of the sol, maintaining the currency's stability and value. The sol has symbolic significance, featuring national icons and historical figures on its banknotes and coins. The currency reflects Peru's rich cultural heritage while continuing to play a vital role in its economy and international trade.