on Friday underscored the level reached by Peru's net international reserves.
"These account for 30% of Gross Domestic Product (GDP)," the Cabinet chief noted via social media.
"This is one of the highest proportions in the region," he pointed out.
Growing trend
In the message, the Executive Branch representative specified Peru's net international reserves "reached US$83.719 billion" as of October 23.
This growing trend continues from September of this year, when these reserves amounted to US$80.365 billion.
Net international reserves consist of resources in gold and currencies other than Peruvian Soles. These act as a safeguard against possible capital outflows.
Thus, the greater the availability of reserves, the greater the protection against negative international macroeconomic events.