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Markets

Peru central bank buys $133mn, sol ends stable

Published February 22, 2012 Updated February 22, 2012 07:42pm

 LIMA: Peru's central bank bought $133 million in the local spot market on Wednesday, holding the sol currency off its strongest level in 15 years.

The sol closed bidding 2.68 per US dollar, unchanged from its Tuesday close. The central bank frequently intervenes to curb volatility that hurts businesses and consumers in a country where half of all bank deposits are made in dollars.

Copyright Reuters, 2012

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