Peruvian Sol
a.k.a. PEN, Nuevo sol
Peru's currency, known for being one of the steadier currencies in Latin America and tied to copper and gold.
In plain English
Peru's currency, known for being one of the steadier currencies in Latin America and tied to copper and gold.
The Peruvian sol (PEN) is Peru's money; "sol" means sun. It was called the nuevo sol until 2015. Peru is one of the world's largest copper producers, so the sol leans on metal prices. Its central bank intervenes often to smooth sharp moves, which has helped make it one of the region's less jumpy currencies, despite frequent political drama.
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