diff --git a/CHANGELOG.rst b/CHANGELOG.rst
index ef00d40a..e940019b 100644
--- a/CHANGELOG.rst
+++ b/CHANGELOG.rst
@@ -7,6 +7,11 @@ and this project adheres to `Semantic Versioning <https://semver.org/spec/v2.0.0
 
 `v0.11.3`_ - 0-Undefined-2023
 -----------------------------
+Added
++++++
+- Added support for ``interpolate`` parameter
+  `#415 <https://github.com/joke2k/django-environ/pull/415>`_.
+
 Changed
 +++++++
 - Disabled inline comments handling by default due to potential side effects.
@@ -15,7 +20,6 @@ Changed
   `#499 <https://github.com/joke2k/django-environ/issues/499>`_.
 
 
-
 `v0.11.2`_ - 1-September-2023
 -----------------------------
 Fixed
diff --git a/docs/tips.rst b/docs/tips.rst
index 66538c40..f8510ce3 100644
--- a/docs/tips.rst
+++ b/docs/tips.rst
@@ -291,7 +291,7 @@ Proxy value
 ===========
 
 Values that being with a ``$`` may be interpolated. Pass ``interpolate=True`` to
-``environ.Env()`` to enable this feature:
+``environ.Env()`` to enable this feature (``True`` by default):
 
 .. code-block:: python
 
diff --git a/environ/environ.py b/environ/environ.py
index a3d64f2d..dba6116e 100644
--- a/environ/environ.py
+++ b/environ/environ.py
@@ -189,10 +189,11 @@ class Env:
                             for s in ('', 's')]
     CLOUDSQL = 'cloudsql'
 
-    def __init__(self, **scheme):
+    def __init__(self, interpolate=True, **scheme):
         self.smart_cast = True
         self.escape_proxy = False
         self.prefix = ""
+        self.interpolate = interpolate
         self.scheme = scheme
 
     def __call__(self, var, cast=None, default=NOTSET, parse_default=False):
@@ -396,7 +397,8 @@ def get_value(self, var, cast=None, default=NOTSET, parse_default=False):
         # Resolve any proxied values
         prefix = b'$' if isinstance(value, bytes) else '$'
         escape = rb'\$' if isinstance(value, bytes) else r'\$'
-        if hasattr(value, 'startswith') and value.startswith(prefix):
+        if self.interpolate and \
+                hasattr(value, 'startswith') and value.startswith(prefix):
             value = value.lstrip(prefix)
             value = self.get_value(value, cast=cast, default=default)
 
diff --git a/tests/test_env.py b/tests/test_env.py
index 681458ea..099931f1 100644
--- a/tests/test_env.py
+++ b/tests/test_env.py
@@ -186,6 +186,10 @@ def test_bool_true(self, value, variable):
     def test_proxied_value(self):
         assert self.env('PROXIED_VAR') == 'bar'
 
+    def test_not_interpolated_proxied_value(self):
+        env = Env(interpolate=False)
+        assert env('PROXIED_VAR') == '$STR_VAR'
+
     def test_dollar_sign(self):
         assert self.env('DOLLAR_VAR') == 'SOME_VALUE$S3CR3TK3Y@HELLO'