Wednesday, 08 December 2021 12:53 GMT

Peru logs USD60b in global assets

(MENAFN) Peru's net international reserves (NIR) totaled a whopping USD60.5 billion by June-7, according to the Central Reserve Bank of Peru's latest data (BCRP).

In accordance, based on a BCRP report, the figure equals to 32 percent of the nation's gross domestic product (GDP) and nearly 20 months of the country's imports.

Additionally, the BCRP has announced that these reserves are mainly made up of international liquid assets, which are scattered all over the globe, especially S. America.

The economy of Peru is classified as upper middle income by the World Bank and is the 39th largest in the world, plus its economic performance has always been tied to exports.

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