BLOOMBERG/
Peru's sol has climbed 1.4 percent vs the usd this year, the second-biggest advance in Latin America.
Now the central bank says it will resume buying dollars again this month and may raise interest rates for the seventh time since May.
The current benchmark rate is 3.25%.
The central bank has bought $274 million in the foreign exchange since 01 Feb.
Its congress also voted to lower the VAT sales tax to 18% from 19% and approved a lower financial transactions tax to 0.005% from the current 0.05%.
Peru's GDP grew over 8% in 2010.
Popular Posts
- RUSSIA : Putin Now Playing Corruption Slayer Card.
- EU / FRANCE / UK : Paris Continues Nastiness Over Cameron Euro Balk...Demanding That London Be Downgraded First!
- MEXICO : To Fend Off Brutal Zetas Narcos...Torreon Ponders Deal With Sinaloa Gang; Zetas Still Control Coal Rich Coahuila State.
- ITALY / EUROZONE : New Greek Crisis Delays Berlusconi's Love Songs CD Release.
- VENEZUELA / ARGENTINA : Hugo Paints Nestor...For Cristina; Chavez Hosts CELAC Summit...Without USA, Canada.
- USA / HOUSING/ MEDIA : Is Bloomberg/Businessweek Cover...Racist?
- VENEZUELA : Bitter Election Aftermath For Opposition; Zulia Man Kills 6 After Losing Bet On Capriles.
- VENEZUELA : 09 Feb UPDATE: Caracas Finally Devalues Bolivar...By 32%.
- RUSSIA: Anti-Corruption Blogger Alexei Navalny Emerges As Putin Party Challenger; Another Protest In 'Putin Snow Revolt.'
- GEORGIA : 2 MPs Slug It Out...On Live TV.