# BCR: Peru's currency has remained stable despite world crisis | Agencia Andina

> The Central Reserve Bank of Peru said the sol has remained relatively stable against the dollar during the global high-inflation cycle, one of the few emerging-market currencies to do so. Its chief economist expects inflation expectations to fall through the rest of 2023 as external pressures ease. He also noted a global downward trend in fuel and some food commodity prices.

- Date: 2023-02-11 · published 2023-02-11T12:00:00.000Z
- Category: macro · region Peru · magnitude low
- Page: https://feedsoft.ai/events/37615-bcr-peru-s-currency-has-remained-stable-despite-world-crisis-agencia-andina
- Commodities: [Peruvian Sol (PEN per USD)](https://feedsoft.ai/c/USDPEN.md)

## Why it matters

Lower fuel and food commodity prices and easing inflation reduce cost pressure in Peru's economy, with limited direct effect on feed grain or meal prices. The stable sol supports Peru's import capacity for feed ingredients.

## Read by commodity

- USDPEN: neutral

## Sources

- andina.pe: https://andina.pe/agencia/noticia-bcr-perus-currency-has-remained-stable-despite-world-crisis-928836.aspx

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