Peruvian Economy and Finance Minister Alex Contreras on Tuesday highlighted that Peru has the strongest currency in Latin America and is one of the countries with the lowest risk.
"First of all, and despite the entire complex context, Peru is one of the outstanding economies in the region, as it experienced significant growth in the past years, relies on economic stability, and has achieved progress in many indicators," he said.
"By way of introduction and as a reflection of the economic institution-building, Peru stands out for having the strongest currency in the region and for being one of the countries with the lowest risk," the minister remarked.
"The Peruvian Sol is one of the most stable currencies. In fact, those are not my words, but the words of many local and international investors," he added.
Moreover, Contreras explained that there is a perception that Peru fulfills its commitments and keeps its fiscal accounts in order.
"As proof of this strength, and despite all the negative shocks that affected our economy in the first quarter, credit agency Fitch Ratings kept Peru's credit rating unchanged," the government official underlined.
"But there is an aspect that has been taken into consideration by said rating agency, as well as by others like Moody's or Standard & Poor's, which is the need to continue making progress in institutional matters," he added.
(END) CNA/JJN/RMB/MVB
Published: 5/9/2023