Monetary and Foreing Exchange Operations - December 1998

CENTRAL BANK CERTIFICATES OF DEPOSIT (CDBCRP)
In millions of nuevos soles
Monday 07 Wednesday 09 Thursday 10 Friday 11
Stock of CDBCRP 296,0 290,0 220,0 250,0
Next due date of CDBCRP (December 14, 1998) 36,0 150,0 50,0 60,0
Amount of CDBCRP 296,0 260,0 110,0 60,0
Outcome of the auction sale ( due 1 week)        
- Proposals received 79,0 80,5 204,2 184,7
- Proposals accepted 30,0 30,0 80,0 80,0
Interest rates accepted        
- Minimum 10,55% 13,50% 15,75% 15,75%
- Maximum 10,55% 17,90% 16,49% 16,46%
- Average 10,65% 16,72% 16,05% 16,09%
Outcome of the auction sale (due 4 weeks)        
- Proposals received        
- Proposals accepted        
Interest rates accepted        
- Minimum        
- Maximum        
- Average        
Outcome of the buying auction sale CDBCRP (Repo)        
- Proposals received        
- Proposals accepted        
Interest rates accepted        
- Minimum        
- Maximum        
- Average        
Secondary Market of CDBCRP        
Amount traded        
Interest rates 1/        
- Minimum        
- Maximum        
- Average        
SHORT TERM CREDITS (with CDBCRP guarenteed)        
- Amount (millions of nuevos soles)        
- Interest rates        
SHORT TERM CREDITS (with CDBCRP guarenteed)        
- Amount (millions of US dollars) 5,0     6,0
- Interest rates 13,36%     11,07%
SWAPS OPERATIONS OF FOREIGN CURRENCY        
- Amount (millions of US dollars) 6,8 9,0 4,7 7,1
Fee (daily efective rate) 0,0241% 0,0241% 0,0241% 0,0241%
PURCHASES OF FOREIGN CURRENCY AT OVER-THE-COUNTER        
- Amount (millions of US dollars)        
- Average exchange rate (S/. US$)        
OTHER INDICATORS        
Commercial bank current account in the BCRP (Stock in millions of nuevos soles) 259,4 363,1 457,9 378,5
Interbanking operations (domestic currency)        
- Amount (millions of Soles) 197,8 196,7 130,7 129,0
Interes rates        
- Minimun 8,50% 7,50% 5,00% 2,00%
- Maximun 20,00% 15,00% 16,00% 15,00%
- Average 10,66% 9,69% 6,84% 4,76%
Interbanking operations (foreign currency)        
- Amount (millions of US dollars) 59,7 99,5 137,6 147,7
Interes rates        
- Minimun 8,25% 7,50% 6,90% 6,50%
- Maximun 17,00% 17,00% 17,00% 15,00%
- Average 13,36% 11,26% 11,40% 11,07%
Commercial Banks operations in the foreign exchange market (millions of US dollars)        
Spot net purchases 4,3 -30,4 7,1 -1,0
Forwards net purchase -4,3 -6,7 -1,6 -2,2
Total spot operations 145,2 172,0 142,0 109,6
Total forward operations 12,6 20,0 1,7 5,2
1/ Profit rate to the buyer