Avoid scams! Central Reserve Bank warns about fake videos that recommend investments

In an increasingly digitalized world, financial scams have found a new field of action: social networks. Along these lines, the Central Reserve Bank of Peru (BCRP) issued a warning about several videos circulating on various platforms, which, using sophisticated technologies such as artificial intelligence, present false information to deceive users and convince them to make investments. risky.

These videos, which appear to be reliable at first glance, use the image and alleged statements of prestigious institutions and public figures to increase their credibility. In this situation, it is essential that users learn to identify warning signs and verify the information before making any type of investment.

BCRP warns about fake videos: how to identify them?

The Central Reserve Bank of Peru warned citizens that a series of fraudulent videos about alleged investment recommendations made by authorities and public figures are circulating on social networks.

“In this regard, the BCRP clarifies that it does not make any investment recommendations to the public, since our work is entirely dedicated to preserving the country’s monetary stability,” the entity said.

Likewise, he explained that these videos, created with artificial intelligence, use the image of recognized personalities and simulate dialogues where high returns are offered in an “easy, safe and fast” way. Likewise, they point out that cybercriminals use designs of internet portals from renowned media outlets to deceive citizens.

What does the BCRP recommend to avoid fake videos?

To combat this wave of misinformation, the Central Reserve Bank of Peru recommends the following to citizens:

• Verify the source of financial information.
• Don’t be fooled by false promises of high-yield investment.
• Report any suspicious activity to the authorities.
• Any communication from the BCRP is made through its official channels.

BCRP reduced the reference interest rate by how much?

The board of directors of the Central Reserve Bank of Peru (BCRP) has decided to reduce the reference interest rate by 25 basis points, placing it at 5.75% for the current month of May. This figure represents a reduction of 2 percentage points with respect to the maximum of 7.75% that was maintained for a long time to counteract inflation.

It is worth mentioning that the 12-month inflation rate fell from 3% in March to 2.4% in April, being within the target range, while 12-month inflation without food and energy decreased slightly from 3.1% to 3 % between March and April, placing it at the upper limit of the target range. On the other hand, 12-month inflation expectations remained at 2.6% in April and were within the inflation target range for the fifth consecutive month.

What is the BCRP and why is it important?

The Central Reserve Bank of Peru is a “legal entity of public law“, according to article 84 of the Constitution, and was created on March 9, 1922. This entity is responsible for preserving monetary stability within the country and has autonomy from the three powers of the State. In addition, it fulfills four main functions:

• Regulate the currency and credit of the financial system.
• Manage international reserves.
• Issue bills and coins.
• Report periodically on international finances.