The exchange rate of the dollar It started rising this Tuesday, August 8, and was located at S/3.7009, according to preliminary data from the Bloomberg international currency listing portal.
The day before, the North American currency began its career around S/3.6825 and then progressed to the official close of S/3.6940 set by the Central Reserve Bank (BCRP).
At the local level, the Minister of Economy and Finance (MEF), Alex Contreras, left open the possibility of breaking the fiscal rules in 2023, that is, incurring more spending or public debt than had been agreed for the beginning of this year.
“We are going to comply with the fiscal rule, what I cannot guarantee is that in a context of El Niño Global you do not have to apply the exception clause, they are two different things. The framework of fiscal rules that we have is flexible, which allows you in emergency circumstances to make adjustments in your trajectory,” he told La República.
Internationally, Chinese exports suffered their worst drop since the start of the pandemic. Exchanges with other countries totaled some US$482,070 million in July, a decline of 9.2% compared to the same month last year, according to official data.
Moody’s downgraded 10 small and medium-sized banks in the US, highlighting concerns about higher funding costs, possible weakness in regulatory capital and exposure to the commercial real estate market.
Source: Larepublica
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