Peru’s Sol Little Changed as Central Bank Offsets Tax Payments

Peru’s sol was little changed as exporters bought the currency to pay taxes, leading the central bank to purchase dollars to curb gains.

The sol traded at 2.6658 per U.S. dollar at today’s close, compared with 2.6670 yesterday, according to Deutsche Bank AG’s local unit.

Peru’s central bank said it bought $71 million in the spot market today and paid an average 2.666 soles per dollar. The purchases offset demand for soles from companies making monthly income-tax payments and kept the sol “steady,” said Gonzalo Navarro, head trader at Banco Santander in Lima.

To contact the reporter on this story: John Quigley in Lima at jquigley8@bloomberg.net

To contact the editor responsible for this story: David Papadopoulos at papadopoulos@bloomberg.net

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