Alan García Pérez: Perbedaan antara revisi

Owing to such chronic inflation, the Peruvian currency, the [[Sol (currency)|sol]], was replaced by the [[Inti (currency)|Inti]] in mid-[[1985]], which itself was replaced the {{lang|es|[[Sol (currency)|nuevo sol]]}} ("new sol") in [[July]] [[1991]], at which time the new sol had a cumulative value of one billion (1,000,000,000) old soles. During García's administration, the per capita annual income of Peruvians fell to $720 (below the level of [[1960]]) and Peru's [[Gross Domestic Product|GDP]] dropped 20%. By the end of his term, national reserves were a negative $900 million.

 

 

García also made an attempt to [[nationalization|nationalize]] the banking and insurance industries. He incurred the wrath of the [[International Monetary Fund]] and the financial community by unilaterally declaring a ceiling on debt repayment equal to 10% of the [[Gross National Product]], thereby isolating Peru from the international financial world.