Sol Peruano is strengthened in Latin America, according to the BCRP: these countries began to use it as a currency

He Peruvian sun It has been recognized as the most stable currency in Latin America for 2024. On the variations of the Peruvian Sun in 2024, compared to other regional currencies that suffered falls greater than 10% in some cases, the currency showed a relative stability. Despite registering a slight depreciation of 1.5% compared to the previous year (S/3,707), closed the year with a exchange rate of S/3,761.

For its part, the Mandatory Dina Boluarte He stressed that the country has maintained a single digit inflation for almost three decades, consolidating its economic stability.

Peruvian sun: the most stable currency in the region

The Central Reserve Bank of Peru (BCRP) He informed that the Peruvian Sun was consolidated as the most stable currency in Latin America in 2024, registering the lowest depreciation against the dollar between the main economies of the region. He also stressed that inflation in the country remains below 2.0%, a rare figure in the current global scenario.

The BCRP stressed that Peru adds 27 years and 11 months with a single digit inflation, making it the nation with the longer period of monetary stability in the region since the 1950s. In addition, he indicated that the inflationary rate of the country is lower to that of developed economies such as the Eurozone (2.3%) and USA (2.7%)according to data from November 2024.

Use of the Peruvian Sun: What countries have started using it as a currency?

On January 22, 2025, during the World Economic Forum in Davos, Switzerland, President Dina Boluarte announced that two Latin American countries have increased the use of the Peruvian sun in its commercial transactions. According to the president, this advance strengthens the economic ties of Peru with the region and reflects the confidence in the stability of its currency.

“Over almost 30 years, Peru has maintained inflation of a single digit. Our currency, the Peruvian sun, has been strengthened in the region, so much that citizens of Bolivia make transactions in soles, and the same happens with Brazilwhere our currency is also used for commercial operations, ”he said.

Boluarte Zegarra explained that citizens of Bolivia and Brazil have begun to use the sun in various commercial operations, consolidating their presence in regional markets. In addition, he emphasized that the Peruvian government seeks to continue its economic growth and reinforce its position internationally, highlighting key resources such as copper, zinc, lithium and agricultural production, as well as the potential of its human capital.

“We want a country that not only aspires to continue growing, but also project to become a world power, at the level of the United States, China or Japan. Peru has unique potentials that other countries do not possess: our sea, copper, zinc, lithium, agricultural resources and, above all, our valuable human resource, ”he added.