Peru's central bank buys US$60mln; sol strengthens

16:45 | Lima, Apr. 09 (ANDINA).

The Central Reserve Bank (BCR) of Peru intervened in the foreign-exchange market on Monday to buy $60 million at an average of PEN2.6660 per U.S. dollar.

The central bank intervenes to smooth out volatility in the exchange market.

Meanwhile, the sol closed slightly stronger at PEN2.666 per U.S. dollar compared with PEN2.667 per dollar in the previous session.

So far this year, the sol has appreciated 1.15% against the dollar.

Both the stock market and the foreign-exchange market were closed on Thursday and Friday last week for Easter holidays.


Published: 4/9/2012