Peru considers rescuing debt to cool inflow of capital and currency appreciation

Saturday, November 3rd 2012 - 03:44 UTC

Full article 3 comments

Peru is considering the anticipated cancelling of public debt to drain ‘dollars’ from the market and impede the sustained appreciation of the local currency, Sol, said Economy minister Luis Castilla. This would be the first step for a new liabilities management approach to extend in time the maturing of Peruvian bonds and other debt papers. Read full article

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British_Kirchnerist
Seems like Peru is facing up to the same dollar problems as Argentina...
Nov 03rd, 2012 - 11:10 am - Link - Report abuse 0
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Frank
@1 You truly do make stupid people look smart....
http://www.xe.com/currencycharts/?from=ARS&to=PEN&view=5Y
Peru is sucking in US$.... maybe they are the $$$US evading the RG sniffer dogs..
Nov 04th, 2012 - 02:31 am - Link - Report abuse 0
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Condorito
BK, unless you are having a sarcastic swipe at your beloved leader, you are as usual 180 degrees off track.

CFK is trying to stop USD leaving Arg, Peru is being swamped by USD pouring in (looking for higher returns than in EU/US).

Well done Peru, well done Humala for staying the course!
Nov 05th, 2012 - 05:36 pm - Link - Report abuse 0
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