Economy1 (Peru)
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Illicit drugs:
world's largest coca leaf producer with about 121,000 hectares under
cultivation; source of supply for most of the world's coca paste and cocaine
base; at least 85% of coca cultivation is for illicit production; most of
cocaine base is shipped to Colombian drug dealers for processing into
cocaine for the international drug market
Economic aid:
US commitments, including Ex-Im (FY70-89), $1.7 billion; Western (non-US)
countries, ODA and OOF bilateral commitments (1970-89), $4.3 billion;
Communist countries (1970-89), $577 million
Currency:
(S/.) nuevo sol (plural - nuevos soles); 1 nuevo sol (S/.) = 100 centavos
Exchange rates:
nuevo sol (S/. per US$1 - 0.960 (March 1992), 0.772 (1991), 0.187 (1990),
2.666 (1989), 0.129 (1988), 0.017 (1987)
Fiscal year:
calendar year
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