The president of Peru, Dina Boluarte, participated in the World Economic Forum in DavosSwitzerland, in January 2025. In his speech, he highlighted the strengthening of the country’s economic relations, noting that two Latin America nations have begun to use the Peruvian sun in its commercial transactions, which contributes to consolidate the presence of the currency in the region.
In addition, the president highlighted her government’s commitment to complete her Mandate until July 2026underlining the country’s economic stability.
What Latin American countries use the Peruvian sun as a currency?
Boluarte Zegarra stressed that the stability of inflation has been a key factor for the strength of the Peruvian sun, which has led to The citizens of Bolivia and Brazil to use the national currency in various commercial operations. This growing use reflects the trust deposited in the Peruvian sun within the region.
“Over almost 30 years, Peru has maintained a single digit inflation. 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 Brazil, where our currency is also used for commercial operations, ”he said.
In addition, the president remarked that Peru’s objective is to continue its regional development and project globally, taking advantage of its abundant natural resources such as the Copper, Zinc and Lithiumin addition to its agricultural and human potential.
“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.
The Peruvian Sun: The most stable currency in Latin America
In 2024, the Central Reserve Bank of Peru (BCRP) He stressed that the Peruvian Sun was consolidated as the most stable currency in the region, registering the lowest depreciation against the dollar between the main economies in Latin America. The inflation in the country It remained below 2%, an exceptional fact in the global context.
The BCRP also stressed that Peru has maintained a single digit inflation for almost 28 years, being the nation with the longer period of monetary stability in the region since the 1950s, and surpassing developed economies such as the Eurozone and the United States .
The variations of the Peruvian sun in 2024
Although other regional currencies experienced significant falls, the Peruvian sun showed a slight depreciation of 1.5% in 2024, closing the year with a S/3,761 change rate.
This performance is attributed to the strength of the country’s macroeconomic foundations, the efficient management of the Central Bank and the support of a high level of international reserves.
Follow the Republic at WhatsApp!
Source: Larepublica
Alia is a professional author and journalist, working at 247 news agency. She writes on various topics from economy news to general interest pieces, providing readers with relevant and informative content. With years of experience, she brings a unique perspective and in-depth analysis to her work.
