Velarde: “If Bolivians cannot find dollars, the most stable currencies they can find are soles”

Velarde: “If Bolivians cannot find dollars, the most stable currencies they can find are soles”

The president of the BCRP spoke about the stability of the sunthe Peruvian currency, and the purchase of these by Bolivians.

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The president of the Central Reserve Bank of Peru (BCRP), Julio Velarde, stated that the most stable currency in the region is the peruvian sol. He added that, despite the fact that the social protests at the beginning of the year caused it to be devalued with inflation, it has not had the same fall as other currencies in the region. This has led Bolivian citizens to buy soles on the border with Peru, after the shortage of dollars in their country. These statements were made in the midst of the presentation of the seventh coin in the numismatic series “Builders of the Bicentennial Republic 1821-2021”.

“If Bolivians can’t find dollars, the most stable currencies they can find are soles,” he said. Julio Velarde regarding the topic. However, he said that no Peruvian would agree to receive bolivianos, Bolivia’s currency, so it may have been given in exchange for some contraband or property of interest.

Source: Larepublica

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