March 1, 2013
“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
Peru will press ahead with measures to protect its currency from any rapid appreciation that could threaten its export sector, the country’s president Ollanta Humala has told LatinFinance in an exclusive interview.