Economics
Peru’s Central Bank Buys Most Dollars in Five Months to Tame Sol
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Peru’s central bank bought the most dollars since August to stem a sol rally as tax payments and accelerating economic growth spurred demand for local currency.
Banco Central de Reserva del Peru bought $350 million in the spot market today, the most since Aug. 16, and said on its website it paid an average 2.5379 soles per U.S. dollar.