Peru’s president re-nominates long-standing governor

Julio Velarde

The president of Peru confirmed on October 7 that he would reappoint long-serving central-bank governor Julio Velarde for a fourth five-year term.

Peru’s legislature will have to confirm the appointment. Velarde has served as governor of the Central Reserve Bank of Peru (BCRP) since 2006, when then-president Alan García first appointed him. García’s successors, Ollanta Humala and Pedro Pablo Kuczynski, reappointed Velarde to his second and third terms, respectively.

President Pedro Castillo’s

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