Devaluation of the national currency
In December 1987, the Peruvian government decided to devalue the national currency by an average of 50%. This measure was taken in the context of an economic crisis and tensions with international financial organizations.
The Peruvian government decides to devalue the national currency by an average of 50%. This economic measure takes place in the context of tensions with international financial organizations such as the IMF, which had declared Peru ineligible in August of that year. The devaluation is part of the economic policies implemented during the government of Alan Garcia Perez, who had previously announced in September 1986 that there would be national price readjustments and devaluation for 1987.