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Peru holidays

Information about Peru

Ancient Peru was the seat of several prominent Andean civilizations, most notably that of the Incas whose empire was captured by Spanish conquistadors in 1533. Peruvian independence was declared in 1821, and remaining Spanish forces were defeated in 1824. After a dozen years of military rule, Peru returned to democratic leadership in 1980, but experienced economic problems and the growth of a violent insurgency. President Alberto FUJIMORI's election in 1990 ushered in a decade that saw a dramatic turnaround in the economy and significant progress in curtailing guerrilla activity. Nevertheless, the president's increasing reliance on authoritarian measures and an economic slump in the late 1990s generated mounting dissatisfaction with his regime, which led to his resignation in 2000. A caretaker government oversaw new elections in the spring of 2001, which installed Alejandro TOLEDO Manrique as the new head of government - Peru's first democratically elected president of indigenous ethnicity. The presidential election of 2006 saw the return of Alan GARCIA Perez who, after a disappointing presidential term from 1985 to 1990, oversaw a robust economic rebound. In June 2011, former army officer Ollanta HUMALA Tasso was elected president, defeating Keiko FUJIMORI Higuchi, the daughter of Alberto FUJIMORI. Since his election, HUMALA has carried on the sound, market-oriented economic policies of the three preceding administrations.

Peru's economy

Peru's economy reflects its varied topography - an arid lowland coastal region, the central high sierra of the Andes, the dense forest of the Amazon, with tropical lands bordering Colombia and Brazil. A wide range of important mineral resources are found in the mountainous and coastal areas, and Peru's coastal waters provide excellent fishing grounds. Peru is the world's second largest producer of silver and third largest producer of copper. The Peruvian economy has been growing by an average of 5.6% for the past five years with a stable exchange rate and low inflation, which in 2013 was just below the upper limit of the Central Bank target range of 1 to 3%. For the last three years, this growth was due partly to high international prices for Peru's metals and minerals exports, which account for almost 60% of the country's total exports. Despite Peru's strong macroeconomic performance, dependence on minerals and metals exports and imported foodstuffs makes the economy vulnerable to fluctuations in world prices. Peru's rapid expansion coupled with cash transfers and other programs have helped to reduce the national poverty rate by 28 percentage points since 2002, but inequality persists and continues to pose a challenge for the Ollanta HUMALA administration, which has championed a policy of social inclusion and a more equitable distribution of income. Poor infrastructure hinders the spread of growth to Peru's non-coastal areas. Peru's free trade policy has continued under the HUMALA administration; since 2006, Peru has signed trade deals with the US, Canada, Singapore, China, Korea, Mexico, Japan, the EU, the European Free Trade Association, Chile, Thailand, Costa Rica, Panama, Venezuela, concluded negotiations with Guatemala, and begun trade talks with Honduras and El Salvador, Turkey and the Trans-Pacific Partnership. Peru also has signed a trade pact with Chile, Colombia, and Mexico, called the Pacific Alliance, that rivals Mercosur. Since the US-Peru Trade Promotion Agreement entered into force in February 2009, total trade between Peru and the United States has doubled. Although Peru has continued to attract foreign investment, political activism and protests are hampering development of some projects related to natural resource extraction.

Issues in Peru

Chile and Ecuador rejected Peru's November 2005 unilateral legislation to shift the axis of their joint treaty-defined maritime boundaries along the parallels of latitude to equidistance lines which favor Peru; organized illegal narcotics operations in Colombia have penetrated Peru's shared border; Peru rejects Bolivia's claim to restore maritime access through a sovereign corridor through Chile along the Peruvian border Refugees and internally displaced persons: IDPs: 150,000 (civil war from 1980-2000; most IDPs are indigenous peasants in Andean and Amazonian regions; as of 2011, no new information on the situation of these IDPs) (2013 est.) Illicit drugs: until 1996 the world's largest coca leaf producer, Peru is now the world's second largest producer of coca leaf, though it lags far behind Colombia; cultivation of coca in Peru was estimated at 40,000 hectares in 2009, a slight decrease over 2008; second largest producer of cocaine, estimated at 225 metric tons of potential pure cocaine in 2009; finished cocaine is shipped out from Pacific ports to the international drug market; increasing amounts of base and finished cocaine, however, are being moved to Brazil, Chile, Argentina, and Bolivia for use in the Southern Cone or transshipment to Europe and Africa; increasing domestic drug consumption

Prices in Peru (1 PEN = 0.31 USD)
Meal in inexpensive restaurant9.8 PEN
3-course meal in restaurant (for 2)68.15 PEN
McDonalds meal16.65 PEN
Local beer (0.5 draft)5.64 PEN
Foreign beer (0.33 bottle) 7.28 PEN
Cappuccino6.06 PEN
Pepsi/Coke (0.33 bottle)1.97 PEN
Water (0.33 bottle)1.28 PEN
Milk (1l)4.23 PEN
Fresh bread (500g)5.02 PEN
White Rice (1kg)2.83 PEN
Eggs (12) 5.88 PEN
Local Cheese (1kg) 23.61 PEN
Chicken Breast (1kg) 20.52 PEN
Apples (1kg) 6.69 PEN
Oranges (1kg) 4.8 PEN
Tomato (1kg) 3.81 PEN
Potato (1kg) 2.53 PEN
Lettuce (1 head) 1.9 PEN
Water (1.5l)2.8 PEN
Bottle of Wine (Mid-Range) 26.95 PEN
Domestic Beer (0.5 bottle)4.88 PEN
Foreign beer (0.33 bottle) 7.51 PEN
Cigarettes8.26 PEN
One way local bus ticket1.37 PEN
Monthly pass for bus128.32 PEN
Taxi start5.31 PEN
Taxi 1km3.84 PEN
Taxi 1hour waiting23.13 PEN
Gasoline (1 liter) 3.98 PEN
Utilities for a "normal" apartment187.1 PEN
Tennis Court Rent (1 Hour on Weekend) 23.32 PEN
Apartment (1 bedroom) Outside of Centre 985.16 PEN

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