During 2024, the Peruvian Sun highlighted as the most stable currency in Latin America, according to the Central Reserve Bank of Peru (BCRP). Unlike other currencies in the region, whose depreciation exceeded 10% in some cases, the sun showed a controlled variation.
Although it experienced a slight fall of 1.5% compared to the previous year, the exchange rate went from S/3,707 to S/3,761 at the end of the period. Due to this stability, the BCRP stressed that the Peruvian sun presented the slightest depreciation against the dollar between the main Latin American economies. Next, he knows the countries where the Peruvian sun gains prominence in 2025.
The Peruvian Sun: In which Latin American countries is a currency?
On January 22, 2025, in the World Economic Forum held in Davos, Switzerland, Dina Boluarte highlighted the growing presence of the Peruvian sun in commercial transactions outside the country. According to the president, inflationary stability has been key to strengthening national currency, generating confidence in the region.
During his speech, Boluarte Zegarra stressed that Bolivia and Brazil have increased the use of the sun in their commercial operations. This adoption of the Peruvian currency reinforces economic ties with Latin America and shows its solidity in the market.
“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.
The president stressed that Peru seeks to strengthen its regional growth and position itself in the global field. To do this, he highlighted the importance of the country’s natural resources, such as copper, zinc and lithium, as well as its agricultural and human capital, considered fundamental pillars to achieve this objective.
“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 either 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 said.
The most stable currency in the region: the Peruvian sun
According to the Central Reserve Bank of Peru (BCRP), in 2024 the Peruvian Sun registered the slightest depreciation against the dollar between the main economies in Latin America, consolidating itself as the most stable currency in the region.
The BCRP also stressed that inflation in Peru is maintained below 2.0%, an unusual figure in the global economic context. In addition, he informed that the country accumulates 27 years and 11 months with a single digit inflation, the most extensive period of monetary stability in the region since the 1950s. In November 2024, the inflationary rate of Peru was less than that of advanced economies such as the Eurozone (2.3%) and the United States (2.7%).
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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.
