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Peru , Thursday 15 October 2026

Peru's dollar mountain lets sol currency shine among Latam peers

Published on: Wednesday 29 January 2025

Peru's dollar mountain lets sol currency shine among Latam peers Peru's sol has become Latin America's most stable currency, shaking off political turmoil in the nation that's had five presidents in as many years and seen deadly protests. That has in turn helped Peru build up foreign currency reserves of some $83 billion - some 30% of the country's GDP - boosting investor sentiment and giving the government huge firepower to support the sol. "With such a quantity of dollars in the economy the exchange rate does not move," Economy Minister Jose Arista told Reuters.


News source: https://finance.yahoo.com/news/perus-dollar-mountain-lets-sol-100259595.html

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