IBOV 168,498.45 ▲ 1.39% IPC MEX 71,393.57 ▲ 0.43% MERVAL 2,848,945 — — USD/BRL5.50▼ 0.19% USD/MXN18.63▲ 0.02% USD/CLP975.74▼ 0.09% USD/COP3,240▲ 0.03% USD/PEN3.44▼ 0.22% USD/ARS 1,545 — 0.00% USD/UYU40.31▲ 3.23% USD/PYG6,358▲ 6.40% USD/BOB11.81▲ 0.77% USD/DOP60.61▲ 4.08% USD/CRC448.27▲ 2.01% USD/GTQ7.64▲ 3.17% USD/HNL26.88▲ 3.19% USD/NIO 36.62 — 0.00% USD/VES895.29▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.99▲ 2.78% USD/TTD6.72▲ 2.44% EUR/BRL6.13▼ 0.64% BRENT 97.30 ▼ 1.04% WTI 90.19 ▼ 0.70% IRON ORE 161.91 — — COPPER 6.27 ▲ 0.81% GOLD 4,076 ▲ 0.02% SILVER 51.85 ▲ 0.08% SOY 1,194 ▲ 1.08% CORN 441.50 ▲ 0.34% WHEAT 591.25 ▼ 1.34% COFFEE 280.15 ▲ 1.08% SUGAR 18.25 ▼ 1.67% ORANGE JUICE 130.55 ▲ 1.63% COTTON 78.54 ▼ 0.22% COCOA 5,119 ▼ 1.20% BEEF 214.05 ▼ 0.16% CATTLE 318.38 ▼ 2.05% LITHIUM 60.91 ▲ 1.21% PETR4 45.36 — 0.00% VALE3 64.04 — 0.00% ITUB4 40.53 — 0.00% BBDC4 14.20 — 0.00% ABEV3 15.48 — 0.00% BBAS3 17.13 — 0.00% B3SA3 14.39 — 0.00% WEGE3 48.19 — 0.00% PRIO3 60.48 — 0.00% SUZB3 53.40 ▲ 2.12% RENT3 30.29 — 0.00% AZZA3 14.76 ▲ 4.98% CSAN3 2.77 — 0.00% RAIZ4 28.00 ▲ 2.56% PCAR3 2.40 ▲ 0.42% GMAT3 3.80 — 0.00% PSSA3 44.35 ▲ 1.46% CVCB3 0.84 ▲ 2.44% POSI3 3.09 ▼ 0.64% SLCE3 16.61 ▲ 1.59% NATU3 5.17 — 0.00% BRKM5 3.20 — 0.00% RANI3 8.53 ▲ 0.83% CSNA3 4.41 — 0.00% IBOV 168,498.45 ▲ 1.39% IPC MEX 71,393.57 ▲ 0.43% MERVAL 2,848,945 — — USD/BRL 5.50 ▼ 0.19% USD/MXN 18.62 ▼ 0.07% USD/CLP 975.74 ▼ 0.09% USD/COP 3,240 ▲ 0.03% USD/PEN 3.43 ▼ 0.28% USD/ARS 1,545 — 0.00% USD/UYU 40.31 ▲ 3.23% USD/PYG 6,358 ▲ 6.40% USD/BOB 11.81 ▲ 0.77% USD/DOP 60.60 ▲ 4.06% USD/CRC 448.27 ▲ 2.01% USD/GTQ 7.64 ▲ 3.17% USD/HNL 26.88 ▲ 3.19% USD/NIO 36.62 — 0.00% USD/VES 895.29 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.99 ▲ 2.78% USD/TTD 6.72 ▲ 2.44% EUR/BRL 6.13 ▼ 0.64% BRENT 97.30 ▼ 1.04% WTI 90.19 ▼ 0.70% IRON ORE 161.91 — — COPPER 6.27 ▲ 0.81% GOLD 4,076 ▲ 0.02% SILVER 51.85 ▲ 0.08% SOY 1,194 ▲ 1.08% CORN 441.50 ▲ 0.34% WHEAT 591.25 ▼ 1.34% COFFEE 280.15 ▲ 1.08% SUGAR 18.25 ▼ 1.67% ORANGE JUICE 130.55 ▲ 1.63% COTTON 78.54 ▼ 0.22% COCOA 5,119 ▼ 1.20% BEEF 214.05 ▼ 0.16% CATTLE 318.38 ▼ 2.05% LITHIUM 60.91 ▲ 1.21% PETR4 45.36 — 0.00% VALE3 64.04 — 0.00% ITUB4 40.53 — 0.00% BBDC4 14.20 — 0.00% ABEV3 15.48 — 0.00% BBAS3 17.13 — 0.00% B3SA3 14.39 — 0.00% WEGE3 48.19 — 0.00% PRIO3 60.48 — 0.00% SUZB3 53.40 ▲ 2.12% RENT3 30.29 — 0.00% AZZA3 14.76 ▲ 4.98% CSAN3 2.77 — 0.00% RAIZ4 28.00 ▲ 2.56% PCAR3 2.40 ▲ 0.42% GMAT3 3.80 — 0.00% PSSA3 44.35 ▲ 1.46% CVCB3 0.84 ▲ 2.44% POSI3 3.09 ▼ 0.64% SLCE3 16.61 ▲ 1.59% NATU3 5.17 — 0.00% BRKM5 3.20 — 0.00% RANI3 8.53 ▲ 0.83% CSNA3 4.41 — 0.00%
since 2009
Sunday, November 8, 2026

Peruvian President announces consultation on new Constitution

By · · 2 min read

RIO DE JANEIRO, BRAZIL – The President of Peru, Pedro Castillo, announced on April 22 that he would send a bill to Congress to consult the citizens in the local elections of October if they wanted a new Constitution.

“We will send a bill to the Congress of the Republic, following the constitutional course, so that in these next municipal and regional elections […] the Peruvian people are consulted on whether or not they agree with a new Constitution,” said the leftist president.

The ruling party blames the current Constitution, promulgated in 1993 by then-President Alberto Fujimori, for being responsible for the economic inequalities in Peru, by enshrining a free-market model.

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Peruvian President Pedro Castillo.
Peruvian President Pedro Castillo.
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“We will submit this bill, which we will work on immediately,” Castillo added while speaking at a public session of the Council of Ministers in Cusco, the ancient capital of the Inca Empire.

CALL FOR A REFERENDUM

During the campaign that brought him to power nine months ago, Castillo promised to convene a Constituent Assembly to draft a new constitution.

However, he did not clarify what mechanism he would propose to draft a new charter, an initiative resisted by the leaders of the opposition right-wing who control the Peruvian Congress.

On April 10, the National Jury of Elections (JNE) had clarified that the call for a referendum to approve a constitutional change requires prior approval of Congress by an absolute majority.

Castillo is a 52-year-old rural teacher who, as a candidate of a small Marxist-Leninist party, won the presidency in 2021 after a close runoff against the right-wing Keiko Fujimori, the first-born daughter of the former president.

This article was produced by The Rio Times’ automated AI newsroom. Editorial responsibility: Matthias Camenzind, Publisher and Editor-in-Chief. How we use AI · Report an error

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