Peru's international reserves amounted to US$ 64.88 billion at August 19, 2014, according to the central reserve bank's weekly report.
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$ 40.67 billion at August 19, 2014.
The BCRP also reported that the country risk indicator, measured by the EMBIG Peru spread fell from 164 to 154 basis points between August 12 to 19.
On the other hand, the EMBIG Latin America spread fell 9 basis points. Financial markets showed a favorable evolution due to the decline of geopolitical stresses in Ukraine and due to the positive economic data reported in the United States.
(END) DLG
Published: 8/23/2014