Peru adopts measures to reduce credit dollarisation

Central Reserve Bank of Peru

The Central Reserve Bank of Peru last week adopted package of measures aimed at reducing banks' lending in US dollars and halting the slide of the local currency.

The central bank seeks, with these measures, "to co-ordinate efforts to further reduce the financial vulnerability associated with the borrowing in dollars of the economic agents whose incomes are in soles", says the institution in a statement, released last week.

The new rules, which come into force this month, include the possibility

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