LIVE exchange rate: check the price of the dollar TODAY, Sunday, March 20

Check the price of the dollar in Peru today, Sunday, March 20, 2022. The greenback opened the session with a value of S / 3.7815, according to Bloomberg. On the day of Saturday, March 19, the greenback closed at S / 3.7815, according to the Central Reserve Bank of Peru (BCRP).

Also, according to the Standard & Poor’s (S&P) Last Friday, March 18, Peru’s long-term foreign currency debt rating was downgraded from ‘BBB+’ to ‘BBB’, being the second lowest rating in investment grade. The reason for the weakening of investor confidence is due to the constant political crises in the country that limit the possibility of prospects for economic growth.

“Prolonged government paralysis reduces the predictability of policy responses, limiting investment and potential growth, in our view. We forecast a GDP growth of 2.5% in 2022, after a rebound of 13.3% in 2021, with a high dynamism in exports, somewhat offset by moderate investment and consumption”, explains S&P in its report.

On the other hand, the Government made official the emergency declaration of the agricultural and irrigation sector, which will be accompanied by an Agrarian Emergency Plan created by the Ministry of Agrarian Development and Irrigation (Midagri). Similarly, according to the Supreme Decree No. 003-2022-MIDAGRI the declaration will last 120 calendar days and is due to the effects generated by COVID-19 and the increase in the prices of agricultural inputs at the international level.

In that line, the Midagri It has a period of 10 days, starting on March 20, to approve the plan that will seek mechanical equipment and training for agricultural producers, forms of association that prioritize cooperativism; optimization and diversification of financial and non-financial instruments for agricultural producers and the organic or ecological production of agricultural inputs and certified seeds.