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Julio Velarde

Peru puts partisans on central bank’s board of directors
Posted by Colin Post on Oct 28, 2016 1 comment

Peru puts partisans on central bank’s board of directors

Peru’s opposition-controlled Congress is widely criticized for electing two of Keiko Fujimori’s former running mates as directors of the central bank. The Popular Force party which controls 71 seats in  Full Article »

Peru’s sol gains against dollar on China, Europe news
Posted by Colin Post on Mar 16, 2016 1 comment

Peru’s sol gains against dollar on China, Europe news

Peru’s sol has gained over 5% against the dollar this month to reverse all its losses in 2016. The sol traded at a 3.520 per dollar on March 2 when  Full Article »

Huge boost in Peru’s copper production to drive 2016 growth
Posted by Colin Post on Dec 22, 2015 Leave a comment

Huge boost in Peru’s copper production to drive 2016 growth

Peru’s government expects copper production to grow by 66% to overtake China as the world’s second-largest producer in 2016. According to Reuters, mining and energy minister Rosa Ortiz said that  Full Article »

Peru to allow retirees to dissolve private pension accounts
Posted by Colin Post on Dec 4, 2015 Leave a comment

Peru to allow retirees to dissolve private pension accounts

Peru’s Congress approved a law which would allow private pension account holders to withdraw over 95% of their savings upon retirement. The new law will allow contributors enrolled in Peru’s  Full Article »

Strength in U.S. economy pushes Peru’s sol to nine-year low
Posted by Colin Post on Nov 18, 2015 1 comment

Strength in U.S. economy pushes Peru’s sol to nine-year low

A strengthening economy in the United States drove a selloff of Peru’s currency to end the day at a nine-year low of 3.36 per dollar. Details from October’s U.S. Federal  Full Article »