Peru’s finance ministry is seeking to buy around $100 million in the forex market this month to help stabilize the local currency, The Wall Street Journal reports. The government is planning to buy a monthly average of $100 million until July.

The central bank bought a total of $8.96 billion in interventions last year. The apex lender has also recently begun placing sol denominated certificates of deposit that are payable in dollars.

Click here for the story from The Wall Street Journal.