In its weekly report, the bank said this level of reserves is higher by US$ 1.70 billion than the one recorded at the end of March 2012.

The increase in NIRs recorded in this month resulted mainly from net purchases of foreign currency by the Central Bank (US$2.24 billion) and yield investments (US$46 million). 

This increase was partially offset by lower banks’ deposits (US$ 411 million) and lower public sector’s deposits (US$ 166 million).

The foreign exchange position of the BCRP at the end of April was US$ 41.64 billion, US$2.31 billion higher than the one recorded at the close of March.

(END) JJN/EEP