September 11, 2006
Peru's President Alan Garcia has picked the former chief economic advisor t
Peru's President Alan Garcia has picked the former chief economic advisor to opposition leader Lourdes Flores, to take control of the country's central bank. Julio Velarde, currently head of the Latin American Reserve Fund in Colombia and considered an orthodox economist, will become president of the Banco Central De Reserva for the next five years. He replaces acting bank chief Oscar Dancourt.