Online Forex trading in Peru is legal and operates under comprehensive regulation by the Central Reserve Bank of Peru and the Superintendency of Banking, Insurance, and AFPs. The 1993 Constitution guarantees the freedom to hold and dispose of foreign currency, with free convertibility guaranteed by law. The government has eliminated all restrictions on remittances of profits, dividends, royalties, and capital, allowing exporters and importers to conduct foreign exchange transactions freely on the open market (1).
Peru's highly consolidated banking sector includes sixteen commercial banks accounting for 90 percent of the financial system's total assets valued at $172 billion. The BCRP is an independent institution responsible for managing monetary policy to maintain financial stability, with its primary goal being to maintain price stability via inflation targeting between one to three percent. The Superintendency of Banks, Insurance, and Pension Funds Administrators regulates financial institutions and generally follows regulatory guidelines set by the Bank for International Settlements (2).
"Under Article 64 of the 1993 Constitution, the GOP guarantees the freedom to hold and dispose of foreign currency. Anyone may open and maintain foreign currency accounts in Peruvian commercial banks."
The foreign exchange market operates freely with minimal restrictions, though the BCRP intervenes through purchases and sales to quell extreme variations of the exchange rate without imposing controls on transactions. Brokers operating in Peru must obtain necessary authorizations from the BCRP and comply with anti-money laundering and combating the financing of terrorism regulations. U.S. firms have reported no problems or delays in transferring funds or remitting capital since Peru's economic reforms of the early 1990s (1).
Source:
https://www.privacyshield.gov/ps/article?id=Peru-Foreign-Exchange-Controls
https://www.trade.gov/country-commercial-guides/peru-trade-financing
Last updated: 15-10-2025 Disclaimer: This article does not provide legal advice. If you need legal advice, please contact an attorney directly.
