Popular Posts
- SERBIA / LIBYA : Are Serbian Mercenary Pilots Bombing Protestors In Tripoli?
- MEXICO: 28 April UPDATE: More Death Discovered In Durango...As Body Count Grows Again By 8; Total 104...So Far.
- CHILE: Trapped Miners Seek $541k Each in Negligence Lawsuit.
- CHILE / NEW ZEALAND: Santiago Eyes Volcanos For Geothermal Energy.
- MEXICO: Pemex Oil Exports Seen Ending...In 10 Years.
- MEXICO: Guapo But Bobo...PRI's Pena Nieto Still Leads To Succeed Prez Calderon.
- COLOMBIA / PERU / CHILE / MEXICO: New "Pacific Alliance" Begins.
- BRASIL: Judge Stops Critical S. Paulo Airport Expansion Over Improper Bids.
- BRASIL: Contract To Build Belo Monte Dam Is Awarded; Bloodshed Threatened.
- POLAND: Warsaw Lauds LOT Pilot Wrona For Safe Crash Landing.
27 August 2010
PERU: Central Bank Raises Reserve Requirements On Foreign Deposits.
BLOOMBERG/ The Banco Central de Reserva raised the marginal reserve requirement for foreign banks to 120% of their short-term sol deposits, up from the current 65%. Experts believe the new terms will slow the SOL's appreciation. "It’s not going to reverse the SOL’s trend but may cause it to stabilize,” said one observer. The SOL gained 3.2% so far in 2010, the seventh-best performance among 25 emerging market currencies.