Today, the Peruvian Sol fell to S./3 to the US dollar at least for bank customers. In what has been an almost daily event, the Central Bank has been selling dollars to stop the fall of the Sol.
From El Comercio (Via Bing Translator)*
The price of the dollar is appreciating in the foreign exchange market and your (the) quote already reaches the S/.3,00 on the banks of the city since this morning. On the other hand, the Bolsa Valores de Lima (BVL) (Lima Stock Exchange) record positive indices at the opening of business.
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I’m pacing more these days…waiting for the coffee. It left Manzanillo, Mexico yesterday, and it should be in Long Beach on Friday morning. Then the fun begins…
Peru has had a tremendous economic run over the last few years. Will that growth continue as some predict, or will growth cool as the global economy also slows?
