Hey guys! It's Stef. Thank you for joining
me once again today. In my last video I gave
you guys a brief introduction about the Peruvian
currency system here that we have in Peru.
If you haven't seen it yet, then definitely
be sure to check that out. I'll have the video
up here somewhere. Today's video we're going
to talk a little bit about the coin system
that we have here. So, we have over thirty
different types of coins here in Peru and
they're worth seven different amounts and
we have thirteen different bills or banknotes
that are worth five different amounts. So
that's a lot of new money to get used to when
you come to Peru and I can understand that
it can be overwhelming when you come because
if you haven't seen it before then you're
like "oh my God! Is this real? Is this fake?"
You don't want to have fake money obviously.
I'm going to try to explain the coins today
so that you're more familiar with the coins
and less overwhelmed or less afraid of seeing
these different coins because there's a lot
of them, over thirty. Let's get started with
that. Peruvian coins are made up of either
aluminum, brass, steel, nickel or silver or
sometimes a combination of these things depending
on the value of the coin and some of these
coins will either have a smooth rim or a grooved
one. So I'm not sure if my phone will focus
on it. Can you see it? No? Maybe? Ok, well
you have the little lines. That's a grooved
rim. And this one is smooth here in this case.
All of the coins here have the coat of arms
on the back or emblem. I'm not sure what the
correct word is for this but this is the thing
in the middle of the Peruvian flag so all
of the coins on the back have this thing on
the back. It's very beautiful. Maybe one day
I'll go into the explanation of it. But that's
what they have on the back. So I don't have
a coin worth five cents right now but on the
front of the coins worth ten cents, twenty
cents and fifty cents. You have these little
symbols on the front of them, especially these
ones and the five cent one. They have little
triangle type things here. These symbols are
symbols that were discovered in the pre-Columbian
citadel of Chan Chan. Chan Chan is an archaeological
site in Trujillo in the north of Peru. That's
what's in front of those coins. As I mentioned
in my last video, one nuevo sol is broken
down into "cien centimos," one hundred cents
so when I first arrived in Peru and life was
simple, we had coins worth one cent, five
cents, ten, twenty and fifty cents. I believe
it was some time around 2010 I think that
the one cent coin became no longer valid.
You can't use it anymore so when you go to
shops and you buy something and it's worth
S/3.36, they just usually round it down or
up depending on the quantity because we don't
have those coins. They're not in circulation
anymore. If you do have them, you can keep
them as souvenirs but they're not accepted
anymore as a form of currency. We had those
coins, life was simple and then we had the
coins worth one sol which they either looked
like this, the simple original one "un nuevo
sol" or on occasion you had one with a design
of a "tumi" this archaeological type thing
from the Incas and that was really it but
in March 2010, El Banco de la Reserva Del
Perú, which is the central reserve bank of
Peru. You can think of it as the Federal Reserve
Bank if you're from the U.S., they issued
a new numismatic series called "la riqueza
y orgullo del Perú" which basically means
the wealth and pride of Peru. What this meant
is that they were going to come up with over
twenty new designs for the coin worth one
sol and they were to circulate simultaneously
with the old coins as legal tender so all
the these different coins were going to be
perfectly valid and this was basically just
the same like in the U.S. when they started
coming out with twenty-five cent coins that
had the different states on them. That's exactly
the same thing that we decided to do here
back in 2010 and it was just a way to promote
or to spread the rich and diverse cultural
heritage that we have here in Peru. In August
2012 the Central Reserve Bank of Peru decided
to come out with a new design for the one
sol coin and this one contained the country's
brand logo on it. I'm not sure how well you
can see that but here you have a little thing
that says "Peru" and this is our country's
brand logo and basically this was just a way
to re-brand the country and give it a new
image worldwide because there have been major
changes in the last decade with the booming
economy and tourism and a lot of people have
this old view of what Peru was like fifteen,
twenty years ago which is totally different
. It's much more modern and that was just
another way to promote this new image we have.
In July 2013 a new numismatic series came
out called "Recursos Naturales Del Perú"
or Natural Resources of Peru and basically
this series contains three new designs. We
have a design with quinoa which is an ancient
grain, a design with sardines and a design
with cacao. That's how you pronounce it in
Spanish, I don't know how you would say it
in English. I think it's the same but cacao
is basically, I think it's a fruit tree, it's
the chocolate fruit tree. so these are three
of our natural resources and we have those
three designs in addition to the twenty plus
from the other numismatic series so we have
over twenty different designs for the coin
worth one sol. I'm going to show you guys
some of the different designs. This one is
from 2015 so it's nice and shiny and pretty.
I'm not sure how well you can see that. This
is another one, let me see. It's going to
take me a while sorry. Oh, can you see that?
No? I need a new camera *laughs* So these
are interesting. I think it's upside down.
Well, you get the gist of it. They're all
different. They all have these cool designs.
They're interesting. I used to collect them
and then I would end up using them but that's
it. The coins worth two soles and five soles
feature images from or designs from the Nazca
lines in Ica. Before October 2010 we had one
standard the coin worth two soles and one
standard design for the coin worth five soles
but in October 2010 they came out with these
updated versions of the coins so now we have
two versions for each one. So we have two
designs for the one worth two soles and two
for the one worth five soles and both forms
are valid so you can use both of them and
I'm going to try to show you the difference
here. I'm not sure how well you can see that
but within here, you see the little bird from
the design and on this one, the updated version,
it's on the inside and the outside of the
coin. This is an old version and this is the
new version. I currently don't have a new
coin worth two soles but this is an old one
and it's kind of worn so you can't see it
that well but if you want to check out more
of these coins and familiarize yourself with
the coins from Peru you can definitely check
out limaeasy.com or you can check out bcrp.gob.pe
and that's the website for the central reserve
bank here and you can familiarize yourself
with the different coins and bills if you
want to go ahead and do that so that you're
much more comfortable with the money here
before you arrive. So that's it for this video
today you guys. I want to give a little shoutout
to one of my subscribers, Andy V because he's
always been very supportive of me. Always
leaving very nice comments and encouraging
me in these things so Andy, if you're watching,
thank you so much for your support and for
sharing more about your culture with me as
well. I'm hoping to maybe one day in the future
collab with him to spread awareness of Native
Americans in the future so we'll see if that
hopefully comes to fruition but thanks again
Andy for your support once again. So if you
liked this video, don't forget to give it
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will hopefully see you very soon. Take care!
Bye!
