The exchange rate of the dollar The day on Friday, August 18, began to rise and was located at S/3.7239, according to preliminary data from the Bloomberg international currency listing portal.
The day before, the North American currency had started its career at S/3.7145 and then de-escalated to S/3.7190 on the official scoreboard of the Bancp Central de Reserva (BCRP).
This occurs after the Minister of Economy and Finance, Alex Contreras, confirmed to La República that the national GDP is on track to end 2023 with its lowest growth rate in 14 years, after the 1.1% seen in 2009, period marked by the global financial crisis.
The president of the Central Reserve Bank of Peru (BCR), Julio Velarde, remarked that the prospects for copper are good, despite the drop in demand from China, for which reason “it does not have an important substitute.”
Finally, the Court of the International Center for Settlement of Investment Disputes (ICSID) determined that the Peruvian State lost in the arbitration initiated by the resolution of the concession contract of the Chinchero International Airport, located in Cusco.
At the international level, the Federal Open Market Committee of the United States Federal Reserve (Fed) has forecast further rises in interest rates and warns of the possibility of a new rise in inflation in the coming months.
Source: Larepublica
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