Berliner Boersenzeitung - Peru's presidential musical chairs

EUR -
AED 4.260787
AFN 72.50444
ALL 96.181978
AMD 437.900577
ANG 2.076831
AOA 1063.891421
ARS 1620.797192
AUD 1.658085
AWG 2.088336
AZN 1.970026
BAM 1.960492
BBD 2.333215
BDT 142.138981
BGN 1.983118
BHD 0.437933
BIF 3439.954083
BMD 1.160187
BND 1.482103
BOB 8.005333
BRL 6.074626
BSD 1.158473
BTN 108.272547
BWP 15.829546
BYN 3.449307
BYR 22739.662744
BZD 2.329746
CAD 1.593499
CDF 2637.105366
CHF 0.913137
CLF 0.026773
CLP 1057.138921
CNY 7.982668
CNH 7.990491
COP 4305.824752
CRC 540.281506
CUC 1.160187
CUP 30.744952
CVE 110.507645
CZK 24.446704
DJF 206.188037
DKK 7.47187
DOP 69.466132
DZD 153.8229
EGP 60.730676
ERN 17.402803
ETB 182.584407
FJD 2.57144
FKP 0.869584
GBP 0.864519
GEL 3.149927
GGP 0.869584
GHS 12.65186
GIP 0.869584
GMD 84.694191
GNF 10186.440898
GTQ 8.873238
GYD 242.366364
HKD 9.089078
HNL 30.768235
HRK 7.535064
HTG 151.729892
HUF 387.927623
IDR 19571.192389
ILS 3.614736
IMP 0.869584
INR 108.276354
IQD 1519.844806
IRR 1525703.749098
ISK 143.596065
JEP 0.869584
JMD 182.468306
JOD 0.822596
JPY 183.95401
KES 150.227716
KGS 101.458707
KHR 4658.150428
KMF 493.079859
KPW 1044.172798
KRW 1733.818235
KWD 0.355516
KYD 0.965427
KZT 558.38482
LAK 25002.026821
LBP 103894.734936
LKR 363.764984
LRD 213.007367
LSL 19.642187
LTL 3.42573
LVL 0.701786
LYD 7.419431
MAD 10.861648
MDL 20.261845
MGA 4832.178169
MKD 61.598908
MMK 2435.757154
MNT 4138.328821
MOP 9.347014
MRU 46.53515
MUR 54.029674
MVR 17.924774
MWK 2015.24491
MXN 20.658637
MYR 4.553723
MZN 74.147926
NAD 19.514377
NGN 1601.232315
NIO 42.601697
NOK 11.302947
NPR 173.221657
NZD 1.983548
OMR 0.446116
PAB 1.158418
PEN 4.029285
PGK 4.995188
PHP 69.436894
PKR 323.98207
PLN 4.260299
PYG 7570.15157
QAR 4.227745
RON 5.095425
RSD 117.501369
RUB 95.04465
RWF 1693.872837
SAR 4.355741
SBD 9.341497
SCR 16.846394
SDG 697.271915
SEK 10.829979
SGD 1.480219
SHP 0.870441
SLE 28.482483
SLL 24328.551228
SOS 663.046126
SRD 43.317318
STD 24013.525898
STN 24.55825
SVC 10.135823
SYP 128.274956
SZL 19.549855
THB 37.671069
TJS 11.068611
TMT 4.060654
TND 3.370309
TOP 2.793451
TRY 51.447094
TTD 7.86462
TWD 36.983051
TZS 3010.684749
UAH 50.864146
UGX 4373.373308
USD 1.160187
UYU 47.203183
UZS 14160.080286
VES 529.630361
VND 30560.482466
VUV 138.324551
WST 3.164748
XAF 657.510898
XAG 0.016717
XAU 0.000262
XCD 3.135463
XCG 2.087707
XDR 0.819183
XOF 659.568219
XPF 119.331742
YER 276.878852
ZAR 19.574964
ZMK 10443.064834
ZMW 22.445109
ZWL 373.5797
  • CMSD

    0.0816

    22.74

    +0.36%

  • BCC

    3.5800

    71.88

    +4.98%

  • BCE

    -0.0300

    25.76

    -0.12%

  • JRI

    -0.0900

    11.68

    -0.77%

  • GSK

    0.1500

    51.99

    +0.29%

  • RBGPF

    -13.5000

    69

    -19.57%

  • AZN

    0.4700

    184.07

    +0.26%

  • NGG

    0.0700

    82.06

    +0.09%

  • CMSC

    0.2300

    22.88

    +1.01%

  • BTI

    0.5500

    57.92

    +0.95%

  • RIO

    2.6900

    85.84

    +3.13%

  • RYCEF

    0.7500

    16.05

    +4.67%

  • RELX

    0.4500

    33.81

    +1.33%

  • BP

    -1.2100

    43.57

    -2.78%

  • VOD

    0.1500

    14.48

    +1.04%

Peru's presidential musical chairs
Peru's presidential musical chairs / Photo: CONNIE FRANCE - AFP/File

Peru's presidential musical chairs

Peru lost its seventh leader in almost as many years Tuesday with the impeachment of interim President Jose Jeri on allegations of graft.

Text size:

Since 2016, four presidents were impeached, two stepped down to avoid the same fate, and only one managed to complete his intended term.

Analysts point to a destabilizing tug-of-war between a powerful Congress and the executive, as well as chronic corruption and low levels of trust in politicians as reasons for the country's fast turnover of presidents.

A look back at a decade of political turmoil:

- Kuczynski -

In 2018, center-right politician Pedro Pablo Kuczynski -- known as "PPK" -- became the first Latin American president to resign over alleged connections to a sprawling corruption case involving Brazilian construction giant Odebrecht.

Four former Peruvian presidents, including one who committed suicide, became embroiled in the same case that has claimed numerous corporate and political scalps.

Only two years into his term, Kuczynski relinquished power on the eve of an impeachment vote, making way for his deputy Martin Vizcarra to take over.

Kuczynski remains under investigation and has been barred from leaving the country, but is registered as a candidate for Senate elections this year.

- Vizcarra -

Kuczynski's replacement Martin Vizcarra lasted only two years in the job, ousted by Congress in 2020 for "moral incapacity " -- a charge that has also been leveled against other Peruvian leaders.

After clashing with lawmakers, he was ultimately convicted of taking kickbacks in exchange for public work contracts when he was a governor.

Vizcarra was also named in a scandal dubbed "Vaccinegate", with 500 officials accused of getting vaccinated against Covid-19 ahead of their turn.

Last year, he began serving a 14-year-sentence for graft, joining two other former presidents behind bars at a special penitentiary for ex-leaders east of Lima.

- Merino -

Then head of Congress, Manuel Merino took over as interim president, but only lasted five days before resigning in the wake of violent protests against him by Vizcarra supporters.

Two people were killed in clashes with police, and dozens injured.

-Sagasti -

Following Merino’s resignation, centrist academic Francisco Sagasti was appointed stand-in president and led the country until planned elections in 2021 -- becoming the only recent leader to complete his intended term, even an interim one.

- Castillo -

Rural school teacher Pedro Castillo won the 2021 election, but found himself lacking a majority in a Congress dominated by right-wing opponents.

Hailed as Peru's "first poor president," he was ousted by a vote in parliament and arrested 17 months into his term after trying to dissolve Congress to avoid impeachment proceedings for alleged graft.

His downfall sparked angry protests that led to dozens of deaths.

Castillo is serving a sentence of over 11 years in jail.

- Boluarte -

Castillo's vice president Dina Boluarte then became Peru's first woman leader, but only for 22 months.

She was unpopular from the get-go and soon embroiled in corruption allegations including accusations that she received Rolex watches and jewelry as bribes.

Boluarte was also investigated over an unannounced two-week absence in 2023 for a nose surgery, which she insists was medical and not cosmetic.

She was impeached last October amid widespread protests over government graft and a wave of violence linked to organized crime.

- Jeri -

Jose Jeri, until then president of Congress, was chosen to serve out the remainder of Boluarte's term until July this year.

Only 39, he took up the role with gusto, launching into an anti-crime drive that proved popular with the electorate but not enough to keep his head off the chopping block.

(K.Müller--BBZ)