Peru annual report shows declining dollar share of reserves

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The dollar share of Peru's reserves fell over the course of 2011 from 64% to 57% of the portfolio as the central bank implemented a diversification strategy, according to the annual report for the year.

Other currencies, notably the Australian dollar, have been included in the portfolio, the central bank said, though it did not give a breakdown by currency. Five per cent of the portfolio is in gold holdings.

Over the year, the central bank bought $3.54 billion in the foreign exchange market "in

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