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Peru’s government confirms the term of office of the president of the central bank

RIO DE JANEIRO, BRAZIL - The Presidency of the Council of Ministers of Peru said on Tuesday that it signed the resolutions ratifying Julio Velarde as president of the Central Reserve Bank in a decision expected by the market and economic agents in the world's second-largest copper producer.

Velarde's ratification resolution must be made official with the president's signature, Pedro Castillo, who had proposed the banker for the position. Then the Congress, where the majority of legislators approve this appointment, must also approve it.

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