new sol
C2Formal (finance, travel, news), Informal (local reference)
Definition
Meaning
The official currency of Peru.
Since 2015, "Sol" is the official name; the term "New Sol" (Spanish: Nuevo Sol) was used from 1991 to 2015 to distinguish it from the old, hyperinflated Sol. Informally, it may still be referenced.
Linguistics
Semantic Notes
A proper noun for a currency. In Peru, often just called 'Sol'. Outside Peru, 'Peruvian Sol' is clearer. Not to be confused with the astronomical 'sun' (homograph in Spanish).
Dialectal Variation
British vs American Usage
Differences
No significant difference in meaning. Both use the English terms 'Peruvian Sol' or 'New Sol'. Spelling is consistent.
Connotations
Neutral financial/travel term.
Frequency
Equally low frequency in both varieties, used only in specific financial or travel contexts relating to Peru.
Vocabulary
Collocations
Grammar
Valency Patterns
[amount] + New Solexchange [currency] for New Solpay [cost] in New SolVocabulary
Synonyms
Strong
Neutral
Weak
Vocabulary
Antonyms
Phrases
Idioms & Phrases
- “Not applicable for this proper noun.”
Usage
Context Usage
Business
Used in international finance reports: 'The Peruvian New Sol appreciated against the dollar.'
Academic
Found in economic studies of Latin America or currency history.
Everyday
Used by travelers: 'How much is that in New Sol?'
Technical
The ISO 4217 code is PEN (from 'Peruvian Nuevo Sol').
Examples
By Part of Speech
verb
British English
- Not applicable as a verb.
American English
- Not applicable as a verb.
adverb
British English
- Not applicable as an adverb.
American English
- Not applicable as an adverb.
adjective
British English
- Not applicable as a standard adjective.
American English
- Not applicable as a standard adjective.
Examples
By CEFR Level
- I have money. I have New Sol from Peru.
- The souvenir costs twenty New Sol.
- What is the exchange rate for the New Sol?
- The value of the New Sol has remained relatively stable compared to regional currencies.
- You can withdraw New Sol directly from ATMs in Lima.
- Peru's central bank intervened to curb volatility in the New Sol's exchange rate.
- The transition from the 'Inti' to the 'Nuevo Sol' was a key step in Peru's economic stabilization.
Learning
Memory Aids
Mnemonic
Think: 'NEW SUN over PERU' – a new currency (New Sol) for the land of the sun (Peru).
Conceptual Metaphor
CURRENCY IS A MEASURE OF VALUE / CURRENCY IS A FLUID (e.g., 'flow of Sol', 'strength of the Sol').
Watch out
Common Pitfalls
Translation Traps (for Russian speakers)
- Do not translate as 'новое солнце' (new sun). It is a proper name.
- In Russian context, use 'перуанский соль' or 'новый соль'.
- Avoid confusion with 'соль' meaning salt.
Common Mistakes
- Using 'New Sols' as plural (uncountable like 'money'; correct: 'ten New Sol').
- Confusing it with the old, devalued Sol.
- Omitting 'Peruvian' when context isn't clear.
Practice
Quiz
What does 'New Sol' refer to?
FAQ
Frequently Asked Questions
No. Since 2015, the official name is simply 'Sol' (ISO code: PEN). 'New Sol' was the name used from 1991 to 2015.
In British English, it rhymes with 'doll' (/sɒl/). In American English, it rhymes with 'bowl' (/soʊl/).
It is uncountable as a currency name. You say 'fifty Sol' not 'fifty Sols', similar to 'fifty yen' or 'fifty euro'.
Primarily in foreign exchange (FX) markets, travel guides to Peru, economic news reports about Latin America, and international business dealings involving Peru.