Peru's international reserves amounted to US$ 64.80 billion at August 26, 2014, amounted to US$ 64.80 billion, the country's central reserve bank (BCRP) reported Saturday.
The BCR said that the current level of international reserves accounts for over 33 percent of the country's gross domestic product.
It also covers more than 19 months of imports and is equivalent to six times the short-term external debt, and according to the central bank, these levels are higher than those of other economies in the region.
Meanwhile, the foreign exchange position of the BCRP was US$ 40.54 billion at August 26, 2014.
The BCRP also reported that the country risk indicator, measured by the EMBIG Peru spread, fell from 154 to 149 basis points between August 19 to 26.
On the other hand, the EMBIG Latin America spread rose 6 basis points, amid concerns about the slower pace of economic recovery observed in the Eurozone and worries about geopolitical tensions
in the Middle East and Ukraine.
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Published: 8/30/2014