Andina

Peru's BCR interventions in exchange market hit US$4.76bn

The Central Reserve Bank (BCR) of Peru. Photo: ANDINA/Víctor Palomino

The Central Reserve Bank (BCR) of Peru. Photo: ANDINA/Víctor Palomino

18:18 | Lima, Sep. 04 (ANDINA).

Interventions of Peru's Central Reserve Bank (BCR) in the foreign-exchange market totaled US$ 4.76 billion between May and August this year.
The Central Bank has intervened in the foreign exchange market since May 24, first by placing CDR BCRP (BCRP Certificates of Deposit Indexed to the Exchange Rate). 

Then, it intervened since July 2, through direct sales of foreign currency with the purpose of reducing excessive volatility in the exchange rate.

Between 2012 and 2013, the Central Bank has purchased foreign currency for a total of US$ 19.07 billion and has sold foreign currency for a total of US$ 3.67 billion. 

In net terms, purchases exceed sales of foreign currency by US$ 15.40 billion. 

(END) JJN/AQR/LOG/MOC

Published: 9/4/2013
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