Convert Peruvian Nuevo Sol to Turkish Lira
Please provide values below to convert Peruvian Nuevo Sol [PEN] to Turkish Lira [TRY], or Convert Turkish Lira to Peruvian Nuevo Sol.
How to Convert Peruvian Nuevo Sol to Turkish Lira
1 PEN = 0.0879732546667095 TRY
Example: convert 15 PEN to TRY:
15 PEN = 15 × 0.0879732546667095 TRY = 1.31959882000064 TRY
Peruvian Nuevo Sol to Turkish Lira Conversion Table
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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.
Turkish Lira
The Turkish Lira (TRY) is the official currency of Turkey, used for everyday transactions and financial exchanges within the country.
History/Origin
The Turkish Lira was first introduced in 1923, replacing the Ottoman lira. It has undergone several revaluations and reforms, including the introduction of the New Turkish Lira in 2005 to address inflation and currency stability issues.
Current Use
Today, the Turkish Lira is the primary currency used in Turkey for all economic activities. It is also accepted in some regions of Northern Cyprus and is used in financial markets and banking transactions across the country.