Peru - Current economic position and prospects

-L~ ; R TURN TO | 9 R E S T RI C T ED REPORTS DES( R e p o r t No. W.H. 53c WOTHOD ONlE W1( This report was. prepared for use within the Bank. In making it available to others, the Bank assumes no responsibility to them for the accuracy or completeness of the information contained herein. INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT THE CURRENT ECONOMIC POSITION AND PROSPECTS OF PERU February 25, 1957 Department of Operations - Western Hemisphere Prepared by Mervyn L. Weiner  CURRENCY Peru has a fluctuating exchange rate with no official parity. Since September 1954, this rate has been stable at 19 soles to the dollar. 1 U.S. $ - 19.00 soles 1 sol a 5 cents, approximately 1 million soles * U.S. $52,600  CONTEnMTS Page Basic Data I. Summary TI. Introduction 2 III. Production 3 Agriculture 3 Mining 4 Industry 5 TV. Capital Formation and Its Financing 7 The role of foreign canital 7 V. Domestic Finance 9 Fiscal policy 9 Monetary policy 10 VI. External Finance 13 Merchandise trade 13 Exchange reserves 14 VII. Creditworthiness 15  BASIC DATA Area 462,300 square miles Population 9.3 million Average annual rate of increase, 194o-54 2