Exclusive: Humala pledges fresh currency action

Exclusive: Humala pledges fresh currency action

Economy & Policy Corporate & Sovereign Strategy

“We are a dynamic economy and we are concerned about the strengthening of the sol and the depreciation of the US dollar,” he said, in his most extensive interview with the foreign press since taking office in 2011. Humala, who has been named Man of the Year by LatinFinance, acknowledged that while central bank intervention this year has helped stem the currency’s rise, authorities must remain watchful of renewed upward pressures as strong inflows of capital continue entering Peru. “We are also trying to create a capital market in soles in which the finance ministry will intervene with measures to avoid the arrival of short term capital,” he said. Authorities are prepaying $1.68 billion

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