Peru's net international reserves amounted to US$81.482 billion as of August 21, the
This level of reserves is equivalent to 29% of the country's gross domestic product (GDP).
The latest reserves figure is also the highest recorded since December 2022 (US$71.883 billion).
International reserves guarantee the foreign currency availability in unusual situations that might occur due to external shocks resulting in eventual and possible withdrawals of foreign currency deposits and a subsequent capital flight from the financial system.
Also, adequate availability of foreign exchange reserves helps reduce the country risk with the subsequent improvement of the country credit ratings and better conditions to expand foreign investment in the country.
International reserves are particularly important in a context of globalization of international markets, reduction of barriers to capital flows and volatility of financial, foreign exchange and metal markets.
(END) NDP/MVB