Julio Velarde named head of Peru's central bank

Peru's president Alan Garcia has named Julio Velarde, president of the Latin American Reserve Fund, to head the Central Bank of Peru for the next five years.

Velarde will replace acting bank chief Oscar Dancourt. New directors for the bank include ex-Agriculture Minister Jose Chlimper, the country's biggest asparagus exporter; former Industry Minister Carlos Raffo; and former International Monetary Fund official Jose Valderrama, a notice in state gazette El Peruano said.

Garcia's appointees nee

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