Beverly Hills 12/18/2009 6:32:56 AM
News / Business

Bank Deposits in Peru’s Sol Reach Record High in Nov

Finance World News Update by EQUITIES Magazine

At the end of November, bank deposits in Peru’s national currency, the sol, reached a record 44.73 billion soles ($16 billion).

 

The Peruvian Banking Association, or Asbanc, said the figure is an 0.82 percent increase from October and almost 10 percent higher than the same last year.

 

Confidence is growing in the sol after sustained economic growth and political stability have increased Peruvian’s confidence in their country.

 

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Since 1951, EQUITIES Magazine has been a leading media company providing business editorial content designed to serve the needs of business leaders, professionals, institutional investors and retail investors. We are focused on business and the business of making money, not on lifestyle subjects. We publish original reporting in print and on our website, as well as select content at www.nasdaq.com. For 28 years we have hosted our own branded investor conferences that connect public company CEO’s with our loyal readers in the investment community.

 

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