# Peruvian currency plunges against US dollar following PM's nationalization threat against gas supplier — MercoPress

> Peru's sol fell sharply against the US dollar on Monday after Prime Minister Guido Bellido threatened to nationalize the Camisea gas project and renegotiate gas supply prices with Pluspetrol. The dollar closed at a record 4,123 soles, and the central bank sold $183 million to slow the rise. President Castillo later said negotiations would respect the rule of law.

- Date: 2021-09-28 · published 2021-09-28T12:00:00.000Z
- Category: macro · region Peru · magnitude low
- Page: https://feedsoft.ai/events/45344-peruvian-currency-plunges-against-us-dollar-following-pm-s-nationalization
- Commodities: [Peruvian Sol (PEN per USD)](https://feedsoft.ai/c/USDPEN.md)

## Why it matters

Currency instability and expropriation risk in Peru raise local input costs and weaken the sol, which makes imported feed ingredients more expensive for Peruvian buyers; the direct effect on grain and meal prices is limited.

## Read by commodity

- USDPEN: bullish ▲

## Sources

- en.mercopress.com: https://en.mercopress.com/2021/09/28/peruvian-currency-plunges-against-us-dollar-following-pm-s-nationalization-threat-against-gas-supplier

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