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the rule to cut forex volatility is being eyed by a Peruvian regulator
11/06/09 06:02
In the attempt to reduce currency volatility, Peru will soon be adopting a rule that will surely limit the foreign exchange exposure of banks.
This particular claim has been made by an official on Wednesday. An official of which is supposedly holding in the best interest, the country's banking, as well as the country's insurance regulator.
To curb demand for their rallying currencies, this is in no way related to the tough measures that the county of Columbia and even their South American partner, Brazil, have both taken.
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