Peruvian Nuevos Soles definition

Peruvian Nuevos Soles denote the lawful currency of Peru.
Sample 1

Examples of Peruvian Nuevos Soles in a sentence

  • Peruvian GAAP – Peruvian GAAP require the restatement of assets and liabilities into constant Peruvian Nuevos Soles as of the date of the last financial statements presented.

  • The invoices and notes receivable are denominated in Peruvian Nuevos Soles and U.S. dollars, current mature, no specific guarantees and does not bearing-interest.

  • The IGV receivable is denominated in Peruvian Nuevos Soles (“sol”) and its carrying amount will vary as the sol to US dollar exchange rate changes; however, the IGV receivable partially hedges the Company’s sol denominated operating costs.

  • At the time of preparing and presenting the consolidated financial statements, the Company translated to Peruvian Nuevos Soles the balances of the financial statements of the Subsidiaries, presented in their respective functional currencies.

  • Foreign exchange risk arises when the Company and its Subsidiaries have mismatches between their positions, lending and off-balance in the various currencies in which it operates, which are mainly in Peruvian Nuevos Soles (functional currency) and U.S. dollars.

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