MONETARY AND FOREIGN EXCHANGE OPERATIONS

( December 1998)
CENTRAL BANK CERTIFICATES OF DEPOSIT (CDBCRP) In millions of nuevos soles Monday 28 Tuesday 29 Wednesday 30 Thursday 31
Stock of CDBCRP 280,0 280,0 280,0 280,0
Next due date of CDBCRP (January 6, 1999) 30,0 30,0 30,0 30,0
Amount of CDBCRP 0,0 0,0 0,0 0,0
Auction sale of the Banco de la Nacion deposits        
- Proposals received 119,8 106,0 96,4 90,0
- Proposals accepted 100,0 50,0 50,0 50,0
Interest rates accepted        
- Minimum 17,58% 20,48% 15,61% 22,01%
- Maximum 20,48% 20,48% 25,00% 25,50%
- Average 19,32% 20,48% 22,01% 23,27%
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 136,0 68,0    
- Proposals accepted 90,0 50,0    
Interest rates accepted        
- Minimum 17,51% 17,00%    
- Maximum 19,05% 18,01%    
- Average 18,59% 17,38%    
Secondary Market of CDBCRP        
Amount traded        
Interest rates 1/        
- Minimum        
- Maximum        
- Average        
SHORT TERM CREDITS (with CDBCRP guarenteed)        
- Amount (millions of nuevos soles)     36,1 42,4
- Interest rates     16,00% 16,00%
SHORT TERM CREDITS (with CDBCRP guarenteed)        
- Amount (millions of US dollars)        
- Interest rates        
SWAPS OPERATIONS OF FOREIGN CURRENCY        
- Amount (millions of US dollars)     14,6  
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) 80,2 141,7 188,0 188,6
Interbanking operations (domestic currency)        
- Amount (millions of Soles) 168,9 210,4 185,3 167,1
Interes rates        
- Minimun 18,00% 16,00% 13,75% 11,00%
- Maximun 25,00% 20,60% 25,00% 16,50%
- Average 19,40% 17,59% 15,50% 12,55%
Interbanking operations (foreign currency)        
- Amount (millions of US dollars) 131,0 95,0 118,0 110,5
Interes rates        
- Minimun 6,00% 5,00% 4,50% 5,00%
- Maximun 14,00% 13,50% 13,50% 13,50%
- Average 10,86% 11,71% 10,11% 10,19%
Commercial Banks operations in the foreign exchange market (millions of US dollars)        
Spot net purchases -13,1 9,8 27,6 27,0
Forwards net purchase -0,9 -0,1 -6,8 -3,0
Total spot operations 120,6 214,9 170,6 295,8
Total forward operations 131,1 4,1 14,9 3,0
1/ Profit rate to the buyer