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Dollar plunges to S/. 3.239 soles, its lowest since 1999

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dollar price in Peru since 1999, source: El Comercio The US Dollar’s exchange rate on Limean streets arrived at S/. 3.25 yesterday. At the international banking market the dollar plunged to S/. 3.239, its lowest level in the last seven years.
In order to avoid a greater fall, the Central Reserve bank tried to stabilize the index with the purchase of US$ 88.5 million.

Analysts indicated that this situation can be related to seasonal factors and that there are no reasons for Peruvian exporters to panic with respect to losing their competitiveness.

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