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Peru Hyperinflation Banknotes
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1,000,000 Intis 1990
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Front: Jose Hipolito Unanue (1758-1833), a physician
He founded the anatomical museum of Lima, and, as a professor of the medical
college, took part in the publication of the "Mercurio Peruano," editing
several articles under the pseudonym of "Ariosto."
He was cosmographer of the viceroyalty, and in this post took, from 1793 till
1797, the census of Peru and published a political, ecclesiastic, and military
guide to the country.
He was greatly esteemed by all the European scientists that visited Peru, and
a plant, " Unanuea febrifuga," was named in his honor.
He founded the medical college of San Fernando, for which service he was
appointed honorary physician of the royal chamber.
After the beginning of the revolution he favored the patriot cause, and in 1812
was elected deputy to the Spanish Cortes for Arequipa. When the independent
government was installed, Unanue was appointed minister of the treasury, and
afterward he was president of the first constituent congress, vice-president of
the Society of the friends of the country, and a member of the council of
state. He possessed the confidence of Bolivar, and when the latter abandoned
Peru he appointed Unanue president of the council of ministers, which governed
the country.
Back: Medical college of San Fernando
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This note is not in my collection. Scans courtesy of Ron Wise
Front: Antonio Raimondi (1826-1890), a prominent Italian-born Peruvian
geographer and scientist
Born in Milan, Raimondi immigrated to Peru in 1850. In 1851 he became a professor
of natural history. In 1856, he was one of the founding professors of the
medical school at the National University of San Marcos where, in 1861, he
founded the analytical chemistry department.
A popular figure in Peru, Raimondi is the namesake of many Peruvian cultural
institutions, including schools, theaters, museums, and institutes of higher
learning. The Antonio Raimondi Province in the Ancash Region of Peru is also
named after him. Some of his biological discoveries also carry his name, such
as the Neoraimondia genus of cactus.
Back: Indian comforting Raimondi
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Back to Hyperinflation Banknotes
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Peru suffered from a hyperinflation during the period from around 1984 and
extending beyond 1990. The highest denomination before 1985 was 50,000 Soles de
Oro. By 1985, it was 500,000 Soles de Oro. In two subsequent currency reforms,
1 Intis was exchanged for 1000 Soles de Oro (1985) and 1 Nuevo Sol was
exchanged for 1,000,000 Intis (1991). The overall impact of hyperinflation:
1 Nuevo Sol = 1,000,000,000 pre 1985 Soles de Oro.
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