In January 2025, the President Dina Boluarte He participated in the World Economic Forum, held in Davos, Switzerland. During his dissertation, he stressed that two nations of Latin America have increased the use of the Peruvian sun in their commercial exchanges, thus strengthening economic ties with Peru.
In addition, Boluarte emphasized that the country has sustained a single digit inflation for almost three decades and reaffirmed its intention to conclude its Mandate in July 2026.
Peruvian sun as currency in two Latin American countries
During her speech, the president stressed that inflationary stability has been a fundamental factor in the solidity of the Peruvian sun. Consequently, Citizens of Bolivia and Brazil have begun to use this currency in various commercial transactions, which shows confidence in the Peruvian currency within the region.
“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 Brazil, where our currency is also used for commercial operations, ”he said.
Boluarte also pointed out that Peru’s objective is to continue expanding its regional growth and consolidate its Presence in the global market. In this context, he highlighted the importance of their natural resources, such as copper, zinc and lithium, in addition to its agricultural production and human capital, which constitute essential pillars to achieve their economic goals.
“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.
Peruvian sun: the most stable currency in the region
According to the Central Reserve Bank of Peru (BCRP)in 2024 the Peruvian Sun was consolidated as the most stable currency in Latin America, registering the slightest depreciation against the dollar compared to the main economies of the region. Inflation in the country remained below 2%, an unusual situation in the world economic scenario.
Evolution of the Peruvian Sun in 2024
While other coins in the region suffered notable falls, the Peruvian sun registered a slight depreciation of 1.5% in 2024, ending the year with a change rate of S/3,761.
This performance is attributed to the strength of the country’s macroeconomic indicators, the efficient management of the Central Bank and the support of a high level of international reserves.
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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.
