# What’s the Secret to Peru’s Financial Stability Amid the Ongoing Political Turmoil?

> Peru's sol has declined more than 0.5% in 2023 while the Lima stock exchange sits only 0.7% below its level before former president Pedro Castillo's imprisonment on December 7, 2022. Political protests have killed more than 60 people, but financial assets have largely held up. The country's autonomous central bank is cited as a key support.

- Date: 2023-02-23 · published 2023-02-23T12:00:00.000Z
- Category: macro · region Peru · magnitude low
- Page: https://feedsoft.ai/events/37613-what-s-the-secret-to-peru-s-financial-stability-amid-the-ongoing-political
- Commodities: [Peruvian Sol (PEN per USD)](https://feedsoft.ai/c/USDPEN.md)

## Why it matters

Peru's financial resilience limits the spillover of political unrest into FX and bond markets, which matters little for feed commodity prices. The sol's modest weakness is a minor factor for Peruvian feed and fishmeal import costs.

## Read by commodity

- USDPEN: bullish ▲

## Sources

- bloomberglinea.com: https://www.bloomberglinea.com/english/whats-the-secret-to-perus-financial-stability-amid-the-ongoing-political-turmoil/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.