Peru's new President will bring in bank chief

PERU - Alejandro Toledo, the son of a poor mountain sheep herder, won the presidency on 3 June over one-time President Alan Garcia after a campaign that left Peruvians deeply disillusioned. Aides to Garcia attempted to calm the markets by indicating that he would select Carlos Janada, a former Morgan Stanley vice president, as director of the Central Bank to guarantee its independence.

As the final opinion polls showed Garcia closing in on Toledo, nervous international and domestic investors

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