Peru’s currency the “Sol” has continued to rise against the US dollar, further undermining the competitiveness of the Latin American nation in the global marketplace. Last week, the sol appreciated ...

LIMA, Peru — False-bottomed suitcases carried by smugglers from Peru to the United States? “Mules” who swallow condom-wrapped pellets before boarding flights? If you are thinking cocaine, then think ...

Peru’s recent approval of fairly rudimentary monitoring of currency exchange services is one sign of how far the country has to go in its anti-money laundering efforts. As part of the government’s ...

WASHINGTON — A flood of high-quality counterfeit U.S. money from Peru is perplexing federal authorities, who say the shadowy networks that are responsible are also engaging in other criminal activity ...

LIMA, PERU - Like most Peruvians, Enrique Malca has a double life when it comes to money: one in dollars and another in soles, the result of economic crises that have generated a deep distrust of the ...

LIMA (Reuters) - Peru's sol has become Latin America's most stable currency, shaking off political turmoil in the nation that's had five presidents in as many years and seen deadly protests. The ...

The sharp fall in the value of Peru’s currency, the nuevo sol, against the US dollar—crossing the psychological benchmark of 3 soles to the dollar last week—signifies a turning point in the economic ...

Peru’s justice minister, Juan Jimenez, vowed to increase the government’s efforts against money laundering after revealing that the country currently has no standing convictions for money laundering.

LIMA (Reuters) - Uncertainty around Peru's presidential elections next month is heightening concern over the country's sol currency, compounding wider emerging market jitters among investors and ...