Peruvian sol (PEN)

1 article
Cash and official accounting in Peru are expressed in the Peruvian sol, designated PEN under ISO 4217. Currency administration rests with the Central Reserve Bank of Peru; cash circulates in Peruvian sol-denominated banknotes and coins. The céntimo is the formal subdivision used to define fractional denominations of the Peruvian sol. Its stable identity rests on the PEN code, denomination structure and official monetary arrangements rather than temporary market conditions.