Convert Peruvian Nuevo Sol to Iranian Rial
Please provide values below to convert Peruvian Nuevo Sol [PEN] to Iranian Rial [IRR], or Convert Iranian Rial to Peruvian Nuevo Sol.
How to Convert Peruvian Nuevo Sol to Iranian Rial
1 PEN = 8.3833510451467e-05 IRR
Example: convert 15 PEN to IRR:
15 PEN = 15 × 8.3833510451467e-05 IRR = 0.001257502656772 IRR
Peruvian Nuevo Sol to Iranian Rial Conversion Table
| Peruvian Nuevo Sol | Iranian Rial |
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Peruvian Nuevo Sol
The Peruvian Nuevo Sol (PEN) is the official currency of Peru, used for all monetary transactions within the country.
History/Origin
Introduced in 1991 to replace the Peruvian Sol, the Nuevo Sol was established to stabilize the economy and control inflation. It has undergone several reforms and is now the stable currency of Peru.
Current Use
The Nuevo Sol is widely used in everyday transactions, banking, and financial markets in Peru. It is subdivided into 100 céntimos and remains the country's primary legal tender.
Iranian Rial
The Iranian Rial (IRR) is the official currency of Iran, used for everyday transactions and pricing within the country.
History/Origin
The Iranian Rial was introduced in 1932, replacing the Iranian Toman. It has undergone several redenominations and inflation periods, with the current form established in 2002 to address hyperinflation.
Current Use
Today, the IRR is the primary currency used in Iran for all financial transactions, though the currency experiences high inflation and is often used alongside other forms of payment such as digital currencies and foreign currencies in certain contexts.