Andina

Peru BCR: Net Int'l Reserves strong

El presidente del BCR, Julio Velarde, y el ministro de Comercio Exterior y Turismo, José Luis Silva presentaron esta mañana la nueva moneda de un nuevo sol que, en la parte central del reverso, tiene el logotipo de la Marca País de Perú. Foto: ANDINA/Juan Carlos Guzmán Negrini.

01:44 | Lima, Jul. 27.

Net International Reserves, which contribute to the economic and financial stability of Peru, reached US$59.516 billion by July 22, 2015 Peru’s Central Reserve Bank affirmed.

NIR are mainly made up of the international liquid assets.

In its weekly report, BCR indicated the reached level is equivalent to 29% of Peruvian GDP and 18 months of imports.

Thus, the result turns into a financial back-up for Peruvian economy and the highest among the Pacific Alliance’s economies.
The said bloc is composed of countries: Peru, Colombia, Chile and Mexico.

The NIR guarantee the availability of currency for facing contingencies, which could emerge due external shocks.

Likewise, it contributes to lowering the country risk and improving the credit rating, which leads to better conditions for obtaining entrepreneurial loans in overseas and for expanding foreign investment in the country.

(END) JCC/JCC/MVB


Published: 7/27/2015