May 24, 2013 / 6:31 PM / 4 years ago

Peru central bank offers to sell paper to slow sol's losses

LIMA, May 24 (Reuters) - Peru’s central bank on Friday offered to sell 300 million soles in two-month certificates to slow the depreciation of sol, which slipped as much as nearly 1 percent to 2.689 bid.

The sol gained back a bit to 2.68 after the offer was announced.

The sol, which had been trading at a 16-year-high, has now retreated to its weakest level in the past year.

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