# Peru's currency plummets amid political uncertainty | Buenos Aires Times

> Peru's currency fell to a record low against the US dollar on Friday, passing four soles per dollar for the first time, while the Lima stock exchange dropped 6.24%. The decline followed President Castillo's cabinet appointments, which left the finance and justice posts unfilled and included Guido Bellido as prime minister.

- Date: 2021-07-30 · published 2021-07-30T12:00:00.000Z
- Category: macro · region Peru · magnitude low
- Page: https://feedsoft.ai/events/46353-peru-s-currency-plummets-amid-political-uncertainty-buenos-aires-times
- Commodities: [Peruvian Sol (PEN per USD)](https://feedsoft.ai/c/USDPEN.md)

## Why it matters

A sharp sol decline and equity sell-off signal policy uncertainty that raises Peru's import costs and could slow feed demand, with limited direct effect on global feed grain prices.

## Read by commodity

- USDPEN: bullish ▲

## Sources

- batimes.com.ar: https://batimes.com.ar/news/latin-america/perus-currency-plummets-amid-political-uncertainty.phtml

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