The Net International Reserves (RIN) accumulated, as of April 20, 2023, US$74.595 millionaccording to the latest technical report from the National Institute of Statistics and Informatics (INEI).
It should be noted that, in March, the NIR only reached US$72,734 million, while for January and February they totaled US$73,282 and US$73,885 million, respectively. It was so, until now, the fourth month of the year is the one that has had the highest number of Reserves accumulation.
Detail of International Reserves. Photo: INEI
However, compared to April 2022, when it was US$75,969, there has been a decrease of 1.81%, according to the Central Reserve Bank of Peru (BCRP).
Importance of Net International Reserves
According to BCRPthe RIN guarantee the availability of foreign currency for extraordinary situations, which could occur due to external shocks or eventual significant withdrawals of deposits in foreign currency, as well as a subsequent flight of capital from the Peruvian financial system.
In this line, its objective is to provide an adequate availability of foreign currency to reduce the country’s risk, improve credit ratings and offer possibilities to Peruvian companies to obtain credits from abroad. It is important to highlight that the Central Bank is the administrator of the Net International Reserves.
Source: Larepublica
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