Peru 1987 20 centimos

from the Mountain Groan Collection

This type, issued 1985-87 from Lima, reflects the accelerating pace of inflation which devastated Peru in the late 1970's and 1980's. Beset by the Sendero Luminoso rebellion, growing narco-trafficking influence and corrupt, incompetent military rule, the regime attempted to check inflation by reforming the currency; 1000 soles = one inti. This reform failed and another reform was instituted in 1989. The bust is of Admiral Grau, victor of a naval battle against the Chileans in which he was killed.

Recorded mintage: 59,668,000.

Specification: 4.06 g, brass, 21 mm diameter, plain edge, designed by Manuel Chavez.

Catalog reference: KM 294.

Source:

• Michael, Thomas, and Tracy L. Schmidt, Standard Catalog of World Coins, 1901-2000, 47th ed., Iola, WI: Krause Publications, 2019.
• Yabar Acuña, Francisco, Monedas Fiduciaras del Peru, 1822-2000, Lima, 2001.

Link to:

• 1986 inti
• 1985 centimo
• 1987 10 centimos
• 1987 inti
• 1987 5 intis
• 1988 50 centimos
• Coins and currency dated 1987
• return to Peru