It also had two different superunits over its circulation life, the inca (1881–1882) and later the gold pound (1898–1931, abbreviated Lp.

The sol also replaced the Bolivian peso at par, which had circulated in southern Peru.

[1] Between 1858 and 1863, coins had been issued denominated in reales, centavos and escudos.

In 1881, the inca, worth ten soles, was introduced for use on banknotes.

The peg to the franc was replaced in 1901 by a link to sterling at a rate of 10 soles = 1 pound, with gold coins and banknotes issued denominated in pounds (libra in Spanish).

This name also appeared from 1935 on coins, when silver was replaced by base metal.

Due to the chronic inflation that occurred in Peru during the second presidency of Fernando Belaúnde Terry, the sol was replaced in 1985 by the inti at a rate of 1,000 soles = 1 inti.

Sol notes and coins are no longer legal tender in Peru, nor can they be exchanged for notes and coins denominated in the current nuevo sol.

The silver 1⁄2, and 1 sol were replaced by brass coins in 1935.

In 1864, Banco La Providencia introduced notes for 50, 200, 400, 80, and 200 soles, with all but the S/.

Other private banks which issued notes in Peru were: Additional denominations to those issued by the Banco La Providencia included 10, 20 and 40 centavos, S/.

In 1922, the Reserve Bank of Peru took over paper money production, issuing a final series of pound notes.

In 1933, the Reserve Bank began issuing notes denominated in soles.