Explore the History and Impact of Ocoña Dollar in Lima’s Financial District

2024-01-20 19:52:19

14:51

OCOÑA DOLLAR

It owes its name to the Ocoña jirón, located in the historic Plaza San Martín in the center of Lima, a street that in the eighties became an authentic ‘financial district’ with the installation of exchange houses and that had its boom with the marketing of the MUC dollar (Single Exchange Market dollars), an alternative currency that had a price set by the Peruvian Government, unlike the US dollar, which has an exchange rate that responds to supply and demand.

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Alexandra Hartman Editor-in-Chief

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