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Half board of the BCRP swears, while the dollar transfers S / 4.00

Yesterday Julio Velarde was sworn in before the president of the Judiciary, Elvia Barrios, as president of the board of directors of the Central Reserve Bank of Peru (BCRP) for the period 2021-2026. Velarde He ratified his stay as the highest authority of the monetary entity for the fourth consecutive period.

The economists appointed by the Executive to occupy the board of the BCRP were also sworn in: Jose Tavara, German Alarco and Roxana Barrantes.

Velarde did not take long to pronounce on temporary issues that impact the economy such as the protest of the Aquia community, which has caused the stoppage of activities in Antamina and would be costing the country the confidence of the private sector.

“Obviously we have to put order, it is affecting the perception of the country in terms of investments, violence is not justified”, Velarde exclaimed.

Only Congress is missing

There are still three positions to be filled within the BCRP board of directors that must be elected by the Legislature at the proposal of the Board of Spokespersons and no longer from a special commission as expected.

In dialogue with six of the nine benches in Congress, the Republic learned that they have not yet defined a candidate due to lack of meetings. However, the names of Diego Macera, manager of the Peruvian Institute of Economics (IPE), Carlos Oliva, former Minister of Economy; Marco Ortiz, professor at the UP; and Marylin Choy, former central operations manager of the BCRP.

Consulted by these interdictions, the spokespersons and representatives of the Morado Party-We are Peru, Avanza País, Juntos por el Perú, Alianza para el Progreso and Perú Libre groups indicated that “They will expect to see the trajectory of each of the candidates in their resumes and the suitability for the position.”

The five groups together with Popular Action stated that today they could start their respective conclaves to define the issue. For its part, Together for Peru called for the process to be transparent for its due legitimacy.

“We have not yet started the job of selecting candidates. Particularly I have no knowledge about the people who ask me and about any other (in reference to the specialists mentioned). I imagine that this week we will begin the work of preparing the selection bases just recently, ”noted Elvis Vergara of the AP.

It is worth emphasizing that the designation of Congress It would only take place next week, considering that the ministerial inauguration will be this Thursday. This delay may affect business confidence in the face of the prevailing political tension.

Dollar climbed to S / 4.00

The dollar closed yesterday at S / 4,009, in a context in which the BCRP intervened in the foreign exchange market with the direct sale of US $ 270 million and placed exchange swaps for sale for S / 1,099.9 million.

Matthias MacielCEO of Rextie, stated that the uncertainty due to the vote of confidence debate, the lack of clarification regarding the nationalization of some companies and the recent social conflicts have strongly undermined the exchange market.

“The market needs more clarity on these issues. That the vote is carried out and that it can be confirmed to the cabinet, even so we will see that the tensions between the Executive and the Legislature seem that they are not going to stop. In addition, it will be necessary to see if the Government takes a more solid position on nationalization and be more behind private investment, ”Maciel told this medium.

Lima Stock Exchange in red

The Lima Stock Exchange (BVL) closed the day with its main indices in negative. Thus, the S&P Peru General (the most representative) recorded -0.11%; and the S&P Peru Select did so at -0.21%.

The sector with the most pronounced fall was the industrial sector (-1.55%), followed by mining, with -1.32% due to the setback presented by Trevali (-5.76%) and Buenaventura (-4.49%); in third place was the construction item (-0.98%); while the services and electricity sectors registered -0.14%.

The only sectors that won were consumer and finance with 0.67% and 1.77%, respectively.

Reactions

Julio Velarde, director of the BCRP

“Obviously we must put order (Antamina), it is affecting the perception of the country in terms of investments, violence is not justified.”

Elvis Vergara, Popular Action spokesperson

“We have not yet started the candidate selection process. I have no particular knowledge of the people consulted or any other ”.

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