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Exchange rate in Peru: how much it is trading today, Saturday, October 30, 2021

The price of the dollar today, Saturday, October 30, 2021, opens the day today at S / 3.9822, according to the Bloomberg portal. On the day of Thursday, October 28, the greenback closed with a value of S / 3.9820, higher than its opening price, reported the Central Reserve Bank of Peru (BCRP). In the parallel market, the currency is quoted at S / 3,965 for the purchase and S / 3,995 for the sale. In addition, the National Superintendency of Tax Administration (Sunat) manages prices of S / 3,975 for the purchase and S / 3,980 for the sale.

Peru placed sustainable bonds for 4,000 million dollars with maturities in 2034, 2051 and 2072 and coupon rates of 3%, 3.55% and 3.60%, in a successful debt operation in the international market, according to the ministry of Economy and Finance. The placements of Peruvian bonds were carried out in a positive scenario due to a demand from investors that at its best exceeded 10 billion dollars and closing with a spread over the United States Treasury of 150, 150 and 180 points basic for the tranches of the years 2034, 2051 and 2072, respectively. The Minister of Economy, Pedro Francke, declared that “it is the first time that Peru has issued sustainable bonds and we join the countries that carry out this type of issuance.”

“The high demand and the successful placement of these Peruvian global bonds are a confirmation that international investors continue to consider that Peru’s macroeconomic fundamentals remain solid,” he added. The purpose of attracting resources with this tool is to finance projects and expenses that generate positive impacts on the environment and promote equitable and quality access to health, housing, and education services, the Peruvian ministry said. In addition, in the national framework, Peru’s Gross Domestic Product (GDP) grew 18.6%, from January to August 2021, due to a better performance of the construction, non-primary manufacturing and agricultural sectors, according to the latest report of the Central Reserve Bank (BCR).

In addition to this, within the framework of President Castillo’s statements that had an impact on the slight rise in recent days after the Executive’s pronouncement on gas. The president of Peru, Pedro Castillo, traveled to the southern region of Cusco on Friday to visit the Camisea gas field, amid the controversy sparked by his recent statements in which he urged Congress to agree on a law to nationalize this reserve gas. This visit comes just four days after Castillo urged Parliament to make “a joint law on the nationalization or nationalization of the Camisea gas.”

In addition, the tax reform planned by the Government of Peru will mainly target high incomes with incomes of more than 300,000 soles (about $ 75,500) a year, mining companies with large profits, companies that maintain millionaire tax debts and platforms. streaming”. These indications were given in advance, last Wednesday in a public conference, by the Minister of Economy and Finance, Pedro Francke, after the Peruvian Executive asked Parliament for legislative powers in tax matters for 120 days to carry out this reform.

The core of the regulations proposed by the Executive on tax matters is to change the ceiling by which taxpayers can deduct taxes, although the financial markets are more interested in how the tax reform announced by the Minister of Economy, Pedro Francke, may affect them. In this regard, the minister pointed out that the measure of increasing the Income Tax for people who generate income greater than S / 300,000 per year would reach less than 0.5% of taxpayers. “Our priority is (to raise) how we collect the debts of large companies, and how we do a tax reform that allows with social and tax justice to recover or obtain greater income for the State, ”said the Minister of Economy.

With information from EFE.

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