Mercedes Araoz says she is waiting for a good moment to buy dollars again on the local forex market, days after her office entered the market to complement purchases by the central bank.

Peru’s government has sought to curb a rally in the local currency, the sol. The local currency has gained this year to a 2 year high of about 2.80 per dollar on surging foreign investment and swift economic growth.

Always seems like an interesting country Peru. Must try and get over there some day.