IKN

Hereditary sloth instructs me

Chart of the day is…

…Peru’s international currency reserves position, per quarter, December 2008 to date:
The $63.8Bn of today is down from the high point of early 2013, but it’s still over U$2k per capita and that’s a decent reserve. $44.8Bn is held in securities, about $15.8Bn is bank deposits in foreign currency (nearly all dollars), then there’s $1.3Bn or so in gold and the rest can be put under “other”. Data from here.

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