Convert Peruvian Nuevo Sol to Jamaican Dollar
Please provide values below to convert Peruvian Nuevo Sol [PEN] to Jamaican Dollar [JMD], or Convert Jamaican Dollar to Peruvian Nuevo Sol.
How to Convert Peruvian Nuevo Sol to Jamaican Dollar
1 PEN = 0.0222248598335181 JMD
Example: convert 15 PEN to JMD:
15 PEN = 15 × 0.0222248598335181 JMD = 0.333372897502772 JMD
Peruvian Nuevo Sol to Jamaican Dollar Conversion Table
| Peruvian Nuevo Sol | Jamaican Dollar |
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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.
Jamaican Dollar
The Jamaican Dollar (JMD) is the official currency of Jamaica, used for all monetary transactions within the country.
History/Origin
The Jamaican Dollar was introduced in 1969, replacing the Jamaican Pound at a rate of 1 dollar = 1.5 pounds. It has undergone various redenominations and reforms over the years to stabilize the economy.
Current Use
Today, the Jamaican Dollar is widely used in everyday transactions, banking, and commerce across Jamaica, with coins and banknotes issued by the Bank of Jamaica.