Central Bank President Julio Velarde said the central bank now expects a trade surplus of $5.1 billion this year, which would be the widest in five years. "In other words, there's an $8 billion turnaround in the balance of trade and that means there is pressure on the sol to strengthen," Velarde told lawmakers in a presentation. "For next year, we expect the trade surplus to increase by $1.3 billion."
Copyright Reuters, 2017