Peru Just Entered The Currency Devaluation Race... Yes, Peru

Tyler Durden's picture

BN  11:42 *PERU CENTRAL BANK ANNOUNCES U.S. CURRENCY PURCHASE ON WEBSITE
BN  11:42 *PERU CENTRAL BANK BUYS U.S. CURRENCY AT 2.7870 SOLES/DOLLAR
BN  11:42 *PERU CENTRAL BANK BUYS $156 MILLION IN FOREIGN-EXCHANGE MARKET

At least Peru stocks are surging. The wealth effect to the 20 people who hold them is palpable. Apple is already laying the groundwork for its latest store in Lima.