The Central Reserve Bank's (BCR) performance is based on the work of its officials, who were hired through a merit-based system, its
He made the statement on Universidad del Pacifico's Modo UP podcast in a conversation with Juan Francisco Castro, dean of the Faculty of Economics and Finance at the university and a former student of Velarde.
Velarde said the hiring of the talent required by the Central Bank is carried out through the various courses offered by the issuing body to attract the best economics students from the country's different universities.
In that regard, he underscored the importance of having a solid background in finance to work at the BCR.
"We are managing increasingly larger reserves; we manage more than US$100 billion in reserves," Velarde emphasized.
"A central bank intervenes through its monetary and foreign-exchange operations, but it truly needs staff with a very strong background in finance," he added.
Multidisciplinary training
The BCR head advised future economists to be "very curious" and to "look beyond" the figures they observe or the narrative they are being told, and to expand their knowledge into other fields so they can have "a somewhat broader perspective" whenever they need to make decisions.
In that regard, the expert advised taking an interest in multidisciplinary training in subjects such as history, art, and literature.
"A person is more well-rounded when they truly have broader intellectual interests," he pointed out.
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