Peru foreign investment limit up 1.5%

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PERU - The Central Reserve Bank of Peru has increased the limit of foreign investments by private pension funds from 10.5% to 12%, although it could rise as high as 20% in the future.

Bank president Julio Velarde announced the 1.5% increase as part of the bank's monetary programme, which will be approved in December 2007. But Velarde added the bank could authorise a gradual inc...

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