IBOV 172,812.43 ▼ 0.32% IPSA 10,957.23 ▲ 0.55% IPC MEX 66,125.27 ▼ 0.74% MERVAL 3,281,489 ▲ 1.79% COLCAP 2,309.56 ▲ 0.49% BVL PERÚ 56,620.35 — — USD/BRL5.07▼ 0.41% USD/MXN17.40▼ 0.17% USD/CLP934.68▲ 0.02% USD/COP3,220▼ 1.50% USD/PEN3.39▲ 0.11% USD/ARS1,478▼ 0.27% USD/UYU40.11▲ 1.23% USD/PYG6,045▲ 1.76% USD/BOB10.80▲ 2.69% USD/DOP58.07▲ 0.40% USD/CRC446.12▲ 1.15% USD/GTQ7.62▲ 2.33% USD/HNL26.74▲ 1.61% USD/NIO36.62▲ 0.84% USD/VES735.39▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.79▲ 0.73% USD/TTD6.73▲ 1.11% EUR/BRL5.78▼ 1.28% BRENT 91.15 ▲ 2.16% WTI 84.41 ▲ 1.42% IRON ORE 161.91 — — COPPER 6.53 ▲ 3.64% GOLD 4,072 ▲ 1.54% SILVER 59.05 ▲ 3.95% SOY 1,223 ▼ 0.27% CORN 475.50 ▲ 5.78% WHEAT 678.00 ▲ 0.59% COFFEE 322.80 ▼ 3.47% SUGAR 14.90 ▲ 0.54% ORANGE JUICE 141.95 ▼ 3.70% COTTON 80.03 ▲ 3.44% COCOA 5,606 ▲ 1.56% BEEF 223.08 ▼ 1.52% CATTLE 344.95 ▼ 2.00% LITHIUM 69.20 ▲ 3.40% PETR4 41.61 ▲ 1.12% VALE3 72.33 ▲ 0.56% ITUB4 42.42 ▲ 0.28% BBDC4 18.54 ▲ 0.71% ABEV3 15.85 ▲ 0.38% BBAS3 20.67 ▲ 2.48% B3SA3 15.11 ▼ 0.98% WEGE3 42.64 ▼ 1.14% PRIO3 58.51 ▲ 1.42% SUZB3 41.46 ▼ 1.03% RENT3 36.68 ▼ 2.16% AZZA3 17.76 ▼ 2.26% CSAN3 3.78 ▼ 1.05% RAIZ4 0.27 — 0.00% PCAR3 2.73 ▲ 5.00% GMAT3 3.81 ▼ 1.04% PSSA3 53.24 ▼ 1.77% CVCB3 1.14 ▲ 5.56% POSI3 3.72 ▲ 0.54% SLCE3 13.61 ▲ 0.29% NATU3 8.75 ▲ 1.39% BRKM5 5.82 ▼ 2.02% RANI3 7.89 ▼ 1.25% CSNA3 5.07 — 0.00% CMIN3 5.45 ▲ 1.11% USIM5 8.42 ▲ 3.19% GGBR4 23.63 ▲ 0.04% ENEV3 25.30 ▼ 1.36% CPFE3 46.46 ▲ 0.30% CMIG4 11.03 ▲ 0.09% EQTL3 38.54 ▼ 1.91% LREN3 13.17 ▼ 1.05% VIVT3 35.46 ▼ 0.59% RAIL3 13.25 ▼ 2.36% KLABIN 17.43 ▼ 0.29% RAIA DROGASIL 18.45 ▼ 1.28% RDOR3 33.60 ▼ 5.22% HAPV3 11.13 ▼ 3.64% FLRY3 16.37 ▼ 1.15% SMTO3 15.41 — 0.00% UGPA3 31.62 ▼ 0.25% VBBR3 33.70 ▼ 1.20% BBSE3 41.11 ▲ 0.15% BPAC11 55.49 ▼ 0.63% CURY3 29.62 ▼ 1.89% AERI3 2.05 ▼ 0.97% VIVARA 21.29 ▼ 3.05% COMPASS 24.36 ▼ 0.98% VAMOS 3.09 — 0.00% SANB11 27.20 ▲ 0.70% ASAI3 8.19 ▲ 0.61% SBSP3 28.60 ▼ 1.31% WALMEX 49.27 ▼ 0.22% GMEXICO 206.98 ▲ 3.06% FEMSA 226.10 ▼ 0.38% CEMEX 21.87 ▼ 0.05% GFNORTE 186.17 ▲ 3.43% BIMBO 59.04 ▼ 0.77% TELEVISA 9.74 ▲ 0.31% AMX 22.69 ▼ 0.22% GAP 377.06 ▼ 0.30% ASUR 273.18 ▼ 0.43% OMA 224.56 ▼ 0.83% KOF 180.78 ▼ 0.02% GRUMA 283.74 ▼ 1.34% KIMBER 38.11 ▼ 0.73% SQM-B 64,922 ▲ 2.85% COPEC 6,365 ▲ 2.66% BSANTANDER 79.39 ▲ 4.34% FALABELLA 5,902 ▲ 0.46% ENELAM 84.01 ▼ 0.12% CENCOSUD 2,022 ▲ 1.38% CMPC 1,083 ▲ 1.59% BANCO CHILE 191.00 ▲ 2.42% LATAM AIR 24.35 ▼ 0.25% YPF 80,200 ▲ 1.26% GGAL 8,010 ▲ 2.10% PAMPA 5,455 ▲ 3.51% TXAR 665.50 ▼ 0.75% ALUAR 967.00 ▲ 0.78% TGS 9,805 ▲ 3.21% CEPU 2,352 ▲ 2.75% MIRGOR 16,750 ▼ 2.19% COME 43.02 ▲ 0.16% LOMA NEGRA 3,630 ▲ 1.61% BYMA 293.50 ▼ 0.09% TELECOM ARG 4,225 ▲ 1.93% ECOPETROL 16.46 ▲ 2.65% BANCOLOMBIA 83.61 ▲ 3.45% GRUPO AVAL 5.02 ▲ 1.31% CREDICORP 394.61 ▲ 2.00% SOUTHERN COPPER 186.07 ▲ 6.28% BUENAVENTURA 31.27 ▲ 4.03% MERCADOLIBRE 1,817 ▼ 0.84% NUBANK 14.26 ▲ 1.93% XP 16.72 ▼ 0.51% PAGSEGURO 9.53 ▲ 2.53% STONE 11.25 ▲ 1.12% GLOBANT 31.94 ▼ 1.10% TECNOGLASS 45.78 ▼ 0.72% GAP AIRPORT 216.95 ▼ 0.08% ASUR 273.18 ▼ 0.43% OMA AIRPORT 103.45 ▼ 0.54% AMX ADR 26.01 ▼ 0.34% FEMSA ADR 129.80 ▼ 0.16% CEMEX ADR 12.58 ▲ 0.68% PETROBRAS ADR 18.48 ▲ 1.57% VALE ADR 14.24 ▲ 0.99% ITAU ADR 8.36 ▲ 0.42% SANTANDER BR 5.40 ▲ 0.47% AMBEV ADR 3.11 ▲ 0.97% CSN 1.02 ▲ 0.50% GERDAU 4.66 ▼ 0.53% LATAM ADR 52.05 ▲ 0.60% BTC 66,184 ▲ 1.46% ETH 1,919 ▲ 0.78% SOL 77.68 ▼ 0.14% XRP 1.16 ▲ 3.91% BNB 572.87 ▲ 0.37% ADA 0.17 ▲ 2.13% DOGE 0.07 ▲ 1.61% AVAX 6.61 ▲ 0.51% LINK 8.62 ▲ 0.45% DOT 0.85 ▲ 3.37% LTC 47.27 ▼ 0.14% BCH 224.87 ▲ 2.26% TRX 0.33 ▲ 0.53% XLM 0.19 ▲ 2.95% HBAR 0.07 ▲ 3.26% NEAR 1.93 ▼ 2.15% ATOM 1.49 ▼ 0.14% AAVE 95.34 ▲ 6.20% SELIC 14.25% EMBRAER 83.21 ▼ 0.10% EMBRAER ADR 65.69 ▼ 0.36% JBS 11.87 ▼ 1.37% JBS BDR 60.20 ▼ 0.97% MBRF3 15.23 ▲ 4.89% MBRFY 2.96 ▲ 1.72% INTER 5.55 ▼ 1.33% EGX 53,990 ▲ 1.63% USD/ZAR16.45▼ 0.47% USD/NGN1,376▼ 0.27% NIKKEI 66,232 ▲ 3.26% CSI300 4,739 ▲ 3.06% HSI 25,132 ▼ 0.04% NIFTY 24,188 ▼ 0.21% KOSPI 6,748 ▲ 3.56% JCI 6,340 ▲ 1.74% USD/JPY163.09▲ 0.36% USD/CNY6.76▼ 0.17% DAX 25,011 ▲ 0.66% CAC 8,363 ▲ 0.28% FTSE 10,586 ▲ 0.58% MIB 52,285 ▲ 0.81% IBEX 19,380 ▲ 0.90% STOXX 643.19 ▲ 0.56% EUR/USD1.14▼ 0.08% GBP/USD1.34▼ 0.49% SPX 7,511 ▲ 0.92% DJI 52,250 ▲ 0.79% NDX 29,170 ▲ 1.98% RUT 2,980 ▲ 1.28% TSX 35,318 ▲ 1.02% VIX 17.05 ▼ 8.58% USD/CAD1.41▲ 0.26% US10Y 4.6300 ▲ 0.70% IBOV 172,812.43 ▼ 0.32% IPSA 10,957.23 ▲ 0.55% IPC MEX 66,125.27 ▼ 0.74% MERVAL 3,281,489 ▲ 1.79% COLCAP 2,309.56 ▲ 0.49% BVL PERÚ 56,620.35 — — USD/BRL 5.07 ▼ 0.41% USD/MXN 17.40 ▼ 0.18% USD/CLP 934.68 ▲ 0.02% USD/COP 3,220 ▼ 1.50% USD/PEN 3.39 ▲ 0.11% USD/ARS 1,478 ▼ 0.27% USD/UYU 40.11 ▲ 1.23% USD/PYG 6,045 ▲ 1.76% USD/BOB 10.80 ▲ 2.69% USD/DOP 58.07 ▲ 0.40% USD/CRC 446.12 ▲ 1.15% USD/GTQ 7.62 ▲ 2.33% USD/HNL 26.74 ▲ 1.61% USD/NIO 36.62 ▲ 0.84% USD/VES 735.39 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.79 ▲ 0.73% USD/TTD 6.73 ▲ 1.11% EUR/BRL 5.78 ▼ 1.28% BRENT 91.15 ▲ 2.16% WTI 84.41 ▲ 1.42% IRON ORE 161.91 — — COPPER 6.53 ▲ 3.64% GOLD 4,072 ▲ 1.54% SILVER 59.05 ▲ 3.95% SOY 1,223 ▼ 0.27% CORN 475.50 ▲ 5.78% WHEAT 678.00 ▲ 0.59% COFFEE 322.80 ▼ 3.47% SUGAR 14.90 ▲ 0.54% ORANGE JUICE 141.95 ▼ 3.70% COTTON 80.03 ▲ 3.44% COCOA 5,606 ▲ 1.56% BEEF 223.08 ▼ 1.52% CATTLE 344.95 ▼ 2.00% LITHIUM 69.20 ▲ 3.40% PETR4 41.61 ▲ 1.12% VALE3 72.33 ▲ 0.56% ITUB4 42.42 ▲ 0.28% BBDC4 18.54 ▲ 0.71% ABEV3 15.85 ▲ 0.38% BBAS3 20.67 ▲ 2.48% B3SA3 15.11 ▼ 0.98% WEGE3 42.64 ▼ 1.14% PRIO3 58.51 ▲ 1.42% SUZB3 41.46 ▼ 1.03% RENT3 36.68 ▼ 2.16% AZZA3 17.76 ▼ 2.26% CSAN3 3.78 ▼ 1.05% RAIZ4 0.27 — 0.00% PCAR3 2.73 ▲ 5.00% GMAT3 3.81 ▼ 1.04% PSSA3 53.24 ▼ 1.77% CVCB3 1.14 ▲ 5.56% POSI3 3.72 ▲ 0.54% SLCE3 13.61 ▲ 0.29% NATU3 8.75 ▲ 1.39% BRKM5 5.82 ▼ 2.02% RANI3 7.89 ▼ 1.25% CSNA3 5.07 — 0.00% CMIN3 5.45 ▲ 1.11% USIM5 8.42 ▲ 3.19% GGBR4 23.63 ▲ 0.04% ENEV3 25.30 ▼ 1.36% CPFE3 46.46 ▲ 0.30% CMIG4 11.03 ▲ 0.09% EQTL3 38.54 ▼ 1.91% LREN3 13.17 ▼ 1.05% VIVT3 35.46 ▼ 0.59% RAIL3 13.25 ▼ 2.36% KLABIN 17.43 ▼ 0.29% RAIA DROGASIL 18.45 ▼ 1.28% RDOR3 33.60 ▼ 5.22% HAPV3 11.13 ▼ 3.64% FLRY3 16.37 ▼ 1.15% SMTO3 15.41 — 0.00% UGPA3 31.62 ▼ 0.25% VBBR3 33.70 ▼ 1.20% BBSE3 41.11 ▲ 0.15% BPAC11 55.49 ▼ 0.63% CURY3 29.62 ▼ 1.89% AERI3 2.05 ▼ 0.97% VIVARA 21.29 ▼ 3.05% COMPASS 24.36 ▼ 0.98% VAMOS 3.09 — 0.00% SANB11 27.20 ▲ 0.70% ASAI3 8.19 ▲ 0.61% SBSP3 28.60 ▼ 1.31% WALMEX 49.27 ▼ 0.22% GMEXICO 206.98 ▲ 3.06% FEMSA 226.10 ▼ 0.38% CEMEX 21.87 ▼ 0.05% GFNORTE 186.17 ▲ 3.43% BIMBO 59.04 ▼ 0.77% TELEVISA 9.74 ▲ 0.31% AMX 22.69 ▼ 0.22% GAP 377.06 ▼ 0.30% ASUR 273.18 ▼ 0.43% OMA 224.56 ▼ 0.83% KOF 180.78 ▼ 0.02% GRUMA 283.74 ▼ 1.34% KIMBER 38.11 ▼ 0.73% SQM-B 64,922 ▲ 2.85% COPEC 6,365 ▲ 2.66% BSANTANDER 79.39 ▲ 4.34% FALABELLA 5,902 ▲ 0.46% ENELAM 84.01 ▼ 0.12% CENCOSUD 2,022 ▲ 1.38% CMPC 1,083 ▲ 1.59% BANCO CHILE 191.00 ▲ 2.42% LATAM AIR 24.35 ▼ 0.25% YPF 80,200 ▲ 1.26% GGAL 8,010 ▲ 2.10% PAMPA 5,455 ▲ 3.51% TXAR 665.50 ▼ 0.75% ALUAR 967.00 ▲ 0.78% TGS 9,805 ▲ 3.21% CEPU 2,352 ▲ 2.75% MIRGOR 16,750 ▼ 2.19% COME 43.02 ▲ 0.16% LOMA NEGRA 3,630 ▲ 1.61% BYMA 293.50 ▼ 0.09% TELECOM ARG 4,225 ▲ 1.93% ECOPETROL 16.46 ▲ 2.65% BANCOLOMBIA 83.61 ▲ 3.45% GRUPO AVAL 5.02 ▲ 1.31% CREDICORP 394.61 ▲ 2.00% SOUTHERN COPPER 186.07 ▲ 6.28% BUENAVENTURA 31.27 ▲ 4.03% MERCADOLIBRE 1,817 ▼ 0.84% NUBANK 14.26 ▲ 1.93% XP 16.72 ▼ 0.51% PAGSEGURO 9.53 ▲ 2.53% STONE 11.25 ▲ 1.12% GLOBANT 31.94 ▼ 1.10% TECNOGLASS 45.78 ▼ 0.72% GAP AIRPORT 216.95 ▼ 0.08% ASUR 273.18 ▼ 0.43% OMA AIRPORT 103.45 ▼ 0.54% AMX ADR 26.01 ▼ 0.34% FEMSA ADR 129.80 ▼ 0.16% CEMEX ADR 12.58 ▲ 0.68% PETROBRAS ADR 18.48 ▲ 1.57% VALE ADR 14.24 ▲ 0.99% ITAU ADR 8.36 ▲ 0.42% SANTANDER BR 5.40 ▲ 0.47% AMBEV ADR 3.11 ▲ 0.97% CSN 1.02 ▲ 0.50% GERDAU 4.66 ▼ 0.53% LATAM ADR 52.05 ▲ 0.60% BTC 66,184 ▲ 1.46% ETH 1,919 ▲ 0.78% SOL 77.68 ▼ 0.14% XRP 1.16 ▲ 3.91% BNB 572.87 ▲ 0.37% ADA 0.17 ▲ 2.13% DOGE 0.07 ▲ 1.61% AVAX 6.61 ▲ 0.51% LINK 8.62 ▲ 0.45% DOT 0.85 ▲ 3.37% LTC 47.27 ▼ 0.14% BCH 224.87 ▲ 2.26% TRX 0.33 ▲ 0.53% XLM 0.19 ▲ 2.95% HBAR 0.07 ▲ 3.26% NEAR 1.93 ▼ 2.15% ATOM 1.49 ▼ 0.14% AAVE 95.34 ▲ 6.20% SELIC 14.25% EMBRAER 83.21 ▼ 0.10% EMBRAER ADR 65.69 ▼ 0.36% JBS 11.87 ▼ 1.37% JBS BDR 60.20 ▼ 0.97% MBRF3 15.23 ▲ 4.89% MBRFY 2.96 ▲ 1.72% INTER 5.55 ▼ 1.33% EGX 53,990 ▲ 1.63% USD/ZAR 16.45 ▼ 0.30% USD/NGN 1,376 ▲ 0.02% NIKKEI 66,232 ▲ 3.26% CSI300 4,739 ▲ 3.06% HSI 25,132 ▼ 0.04% NIFTY 24,188 ▼ 0.21% KOSPI 6,748 ▲ 3.56% JCI 6,340 ▲ 1.74% USD/JPY 163.02 ▲ 0.35% USD/CNY 6.7554 ▼ 0.03% DAX 25,011 ▲ 0.66% CAC 8,363 ▲ 0.28% FTSE 10,586 ▲ 0.58% MIB 52,285 ▲ 0.81% IBEX 19,380 ▲ 0.90% STOXX 643.19 ▲ 0.56% EUR/USD 1.1410 ▼ 0.04% GBP/USD 1.3385 ▼ 0.31% SPX 7,511 ▲ 0.92% DJI 52,250 ▲ 0.79% NDX 29,170 ▲ 1.98% RUT 2,980 ▲ 1.28% TSX 35,318 ▲ 1.02% VIX 17.05 ▼ 8.58% USD/CAD 1.4102 ▲ 0.17% US10Y 4.6300 ▲ 0.70%
since 2009
Tuesday, July 21, 2026

Peru Now Has Over 1,000 Districts Under Emergency

By · March 9, 2026 · 4 min read

Daily Brief

The morning intel from across Latin America. Free.

By subscribing you agree to our privacy policy. We never share your email.

Key Points
The government declared a new 60-day emergency across 17 districts in Ayacucho, Cusco, and Junín to fight drug trafficking, while simultaneously extending emergency orders in 298 districts across 19 regions for catastrophic flooding
Lima and Callao — home to a third of Peru’s population — are also under emergency for surging organised crime, bringing the total number of districts under some form of state of emergency well above 1,000
The sheer scale of Peru’s rolling emergency declarations — for drugs, floods, and crime simultaneously — raises a fundamental question: when a country is permanently in emergency, is it still exceptional governance or simply the normal state of things?

On a single weekend in early March, Peru’s government issued emergency decrees for drug trafficking, catastrophic flooding, and organised crime — all at the same time, in different parts of the country. If you are trying to find a corner of Peru that is not under some form of state of emergency right now, you will have to look hard.

The latest declaration, published March 8, places 17 districts across the southern regions of Ayacucho and Cusco and the central region of Junín under a 60-day emergency to combat drug trafficking. Police will lead operations with military backup, constitutional rights including freedom of movement and the inviolability of homes will be suspended, and intelligence-driven raids will target what prosecutors describe as networks trafficking subsidised fuel and cocaine through the Andes.

The VRAEM: A Permanent War Zone

The districts covered by the latest drug-trafficking decree sit in and around the VRAEM — the Valley of the Apurímac, Ene, and Mantaro Rivers — a sprawling territory that has been under continuous emergency since 2003. That is 23 years of suspended constitutional rights in a region the size of a small European country, home to roughly 650,000 people, most of them indigenous Asháninka, Matsigenka, and Nomatsigenga communities.

Peru Now Has Over 1,000 Districts Under Emergency. (Photo Internet reproduction)
One-stop reference
Company Intelligence
Every listed company in Latin America — financials, ownership and structure for 1,450+ companies across 26 exchanges, in one place.
Browse the directory →
RT
Ask Rio Times
17 years of Latin America reporting, on demand.
Open the full Ask Rio Times →

The VRAEM produces over half of Peru‘s coca leaf and remains the operational base for remnants of the Shining Path guerrillas, now functioning primarily as narco-trafficking armed groups. It is also the corridor for the Camisea gas pipeline, one of Peru’s most strategic energy assets. The government has treated this region as a security problem for two decades, cycling through emergency decrees every 60 days without interruption.

Floods, Crime, and Cascading Emergencies

But the drug-trafficking emergency is only one layer. Days earlier, the government extended a separate 60-day emergency in 298 districts across 19 regions for catastrophic flooding tied to El Niño conditions. Since January alone, Peru has issued multiple overlapping flood-related emergency decrees covering well over 700 districts, with regions like Arequipa (80 districts), Ayacucho (48), and Amazonas (41) among the hardest hit.

On top of that, Lima and the port of Callao — home to roughly 11 million people, or a third of the national population — were placed under their own emergency in late February to combat a surge in homicides, extortion, and sicariato (contract killings). The decree authorised military support for police operations and the suspension of civil liberties including freedom of assembly and the right to privacy of the home.

A Country in Permanent Exception

Add these together — drug trafficking in the highlands, floods across 19 regions, urban crime in the capital, plus the standing VRAEM security emergency — and well over 1,000 of Peru’s roughly 1,880 districts are currently operating under some form of emergency decree. Constitutional rights are formally suspended in more than half the country’s administrative territory.

Critics on the left argue the emergencies have become a governance crutch, allowing the state to deploy military force without investing in long-term development, judicial reform, or anti-poverty programs. Critics on the right counter that Peru’s security crisis is real — homicide rates in Lima have spiked, extortion has become a national epidemic, and the VRAEM remains ungovernable — and that emergency powers are the only tools that produce results on the ground.

Why the World Should Pay Attention

Peru is the world‘s largest producer of cocaine and a critical link in global supply chains for minerals, natural gas, and agricultural exports. The fact that its government cannot maintain basic public order without permanently suspending constitutional rights across most of its territory is not just a domestic concern — it is a signal about institutional fragility in one of Latin America’s most resource-rich nations.

For a country heading into general elections later this year, the normalisation of emergency as the default mode of government raises uncomfortable questions about what Peruvian democracy actually looks like on the ground — and how long a state of exception can last before it stops being exceptional at all.

This is part of The Rio Times’ daily coverage of Peru news and Latin American financial news.

For more context, read Brazil’s Morning Call and the Chile IPSA report.

Read More from The Rio Times

The Rio Times · Power Map
See who really holds power in Latin America
Click to open the Power Map

Rotate for Best Experience

This report is optimized for landscape viewing. Rotate your phone for the full experience.