Peru international reserves reach US$48.35 billion-
Posted by admin on August 23, 2011 · Leave a Comment
Lima (ANDINA). Peru’s net international reserves (NIRs) at August 16 amounted to US$48.35 billion, which provides an adequate financial shield against external shocks, the Central Reserve Bank said Saturday.
This level of reserves is US$674 million higher than the one recorded at the close of July and US$7.9 billion higher than a year earlier.
The increase of NIRs registered so far this month is mainly explained by banks’ higher deposits (US$ 329 million) and by the higher valuation of investments (US$ 341 million).
The exchange rate position of the BCRP at August 16 was US$ 31.80 billion. This amount is US$ 342 million higher than the one recorded at the close of July.
Meanwhile, Peru’s GDP registered a growth rate of 5.3 percent in June and thus accumulated a rate of 7.7 percent in the first half of the year and a rate of 6.7 percent in Q2.
Andina 22-08-2011, via Export.by
In terms of sectors, increased activity was noteworthy in the sectors of commerce, services –especially transport and communications, financial services, and services rendered to enterprises and hotels–, and non primary manufacturing.
In August 9-16, the average interbank ask price of the dollar fell from S/. 2.748 to S/. 2.742, which represented an appreciation of the nuevo sol of 0.24 percent. The Central Bank did not intervene in the foreign exchange market in this period.
