The president of the Central Reserve Bank of Peru (BCRP), Julio Velarde, was applauded this Wednesday by businessmen in Argentina, a country that suffers a very high inflationexchange restrictions and multiple types of exchanges.
During his participation in the 59th Colloquium of the Institute for Business Development of Argentina (IDEA), Velarde Flores gave a message of encouragement to the Argentineswho fight against 3-digit inflation.
“Most countries controlled inflation. It’s possible, all your neighbors have done it. It can be done and Argentina will also achieve it,” said the banker, as reported by the international agency EFE.
The head of the BCRP recalled that Peru suffered hyperinflation, which “did so much damage” and that the country had 34 different exchange rates: “There came a time when it was clear that it had to be fixed in one way or another,” he said. . Likewise, he indicated that as a result of this our country went 36 years without growing, which “marks the social pressure for the Government be cautious.”
Finally, the head of the monetary entity highlighted that the Peru It is the country in the region that has the lowest inflation rate in this century.
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Julio Velarde will be in charge of the Central Reserve Bank until 2026. He has been in office since 2006.
Source: Larepublica
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