Peru's central bank offers to buy dollars as sol gains

LIMA: Peru's central bank offered to buy dollars in the local spot market on Wednesday as the sol currency strengthened 0.04 percent to bid 2.604 per dollar.

The central bank bought $40 million on Tuesday but the sol currency ended bidding 2.605, its strongest level in more than 15 years.

On September 1 the central bank raised reserve requirements to prevent inflows of speculative capital amid high foreign liquidity, and has intervened regularly in the local spot market recently to offset the the sol's gains.