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
- MEXICO: Narcos "Force Down" Police Helicopter In Michoacan.
- MEXICO: Little Hope Remains For 9 Coal Miners After Explosion Kills 5; Billionaire Carlos Slim Slammed By Court.
- MEXICO: Indigena Michoacan Residents Defy Narcos.
- EASTERN EUROPE: 17 Mar. UPDATE: 2 New Nukes...Still In Poles Future...Despite Japanese Tragedy; Merkel Imposes Old Nukes Moratorium; Czechs, Slovaks And Others Support New Nukes.
- MEXICO: C.Bank Bought...90 Tons Of Gold...In Past 3 Months.
- SERBIA: Singer "Ceca" Charged With Embezzlement.
- HONDURAS: Zelaya Free To Return...After Arrest Warrants Dismissed.
- ARGENTINA: Gen. Menendez...Gets Another Life Sentence...For Killing 5 During "Dirty War."
- MONDAY MORNING MUSIC: From USA: Katy Perry's "Rainbow."
- BRASIL/ LIBYA: S.Paulo Surgeon Claims Gadhafi Had Cosmetic Surgery in 1995.