28.03.2013 - Peru intensifies currency fight
For the eighth time in 10 months, Peruís central bank has raised deposit requirements on dollar-denominated accounts to stem the flow of hot money into its fast-growing economy and dampen currency appreciation. With the sol approaching a 16-year high, Peruís central bank said that as of April 1, the reserve ratio will rise 0.25 percentage points. The bank, which has ruled out Brazilian-style capital controls, has also been aggressively buying dollars in the spot market to slow the trajectory of the sol...............................................Full Article: Source
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