IBOV 168,498.45 ▲ 1.39% IPC MEX 71,393.57 ▲ 0.43% MERVAL 2,848,945 — — USD/BRL5.51▼ 0.03% USD/MXN18.57▼ 0.29% USD/CLP 975.74 — 0.00% USD/COP3,240▲ 0.03% USD/PEN3.44▼ 0.08% USD/ARS1,545▼ 0.03% USD/UYU40.31▲ 3.23% USD/PYG6,358▲ 6.40% USD/BOB11.81▲ 0.77% USD/DOP60.59▲ 4.05% USD/CRC448.27▲ 2.01% USD/GTQ7.64▲ 3.17% USD/HNL26.88▲ 3.19% USD/NIO 36.62 — 0.00% USD/VES895.29▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.99▲ 2.78% USD/TTD6.72▲ 2.44% EUR/BRL6.14▼ 0.53% BRENT 98.15 ▼ 0.17% WTI 91.22 ▲ 0.43% IRON ORE 161.91 — — COPPER 6.34 ▲ 1.91% GOLD 4,125 ▲ 1.22% SILVER 52.97 ▲ 2.25% SOY 1,201 ▲ 0.97% CORN 442.25 ▲ 0.17% WHEAT 590.75 ▼ 0.08% COFFEE 280.15 ▲ 1.08% SUGAR 18.25 ▼ 1.67% ORANGE JUICE 130.55 ▲ 1.63% COTTON 78.54 ▼ 0.22% COCOA 5,119 ▼ 1.20% BEEF 214.05 ▼ 0.16% CATTLE 318.38 ▼ 2.05% LITHIUM 60.91 ▲ 1.21% PETR4 45.36 — 0.00% VALE3 64.04 — 0.00% ITUB4 40.53 — 0.00% BBDC4 14.20 — 0.00% ABEV3 15.48 — 0.00% BBAS3 17.13 — 0.00% B3SA3 14.39 — 0.00% WEGE3 48.19 — 0.00% PRIO3 60.48 — 0.00% SUZB3 53.40 ▲ 2.12% RENT3 30.29 — 0.00% AZZA3 14.76 ▲ 4.98% CSAN3 2.77 — 0.00% RAIZ4 28.00 ▲ 2.56% PCAR3 2.40 ▲ 0.42% GMAT3 3.80 — 0.00% PSSA3 44.35 ▲ 1.46% CVCB3 0.84 ▲ 2.44% POSI3 3.09 ▼ 0.64% SLCE3 16.61 ▲ 1.59% NATU3 5.17 — 0.00% BRKM5 3.20 — 0.00% RANI3 8.53 ▲ 0.83% CSNA3 4.41 — 0.00% IBOV 168,498.45 ▲ 1.39% IPC MEX 71,393.57 ▲ 0.43% MERVAL 2,848,945 — — USD/BRL 5.51 ▼ 0.03% USD/MXN 18.58 ▼ 0.28% USD/CLP 975.74 — 0.00% USD/COP 3,240 ▲ 0.03% USD/PEN 3.44 ▼ 0.08% USD/ARS 1,545 ▼ 0.03% USD/UYU 40.31 ▲ 3.23% USD/PYG 6,358 ▲ 6.40% USD/BOB 11.81 ▲ 0.77% USD/DOP 60.59 ▲ 4.05% USD/CRC 448.27 ▲ 2.01% USD/GTQ 7.64 ▲ 3.17% USD/HNL 26.88 ▲ 3.19% USD/NIO 36.62 — 0.00% USD/VES 895.29 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.99 ▲ 2.78% USD/TTD 6.72 ▲ 2.44% EUR/BRL 6.14 ▼ 0.56% BRENT 98.15 ▼ 0.17% WTI 91.22 ▲ 0.43% IRON ORE 161.91 — — COPPER 6.34 ▲ 1.91% GOLD 4,125 ▲ 1.22% SILVER 52.97 ▲ 2.25% SOY 1,201 ▲ 0.97% CORN 442.25 ▲ 0.17% WHEAT 590.75 ▼ 0.08% COFFEE 280.15 ▲ 1.08% SUGAR 18.25 ▼ 1.67% ORANGE JUICE 130.55 ▲ 1.63% COTTON 78.54 ▼ 0.22% COCOA 5,119 ▼ 1.20% BEEF 214.05 ▼ 0.16% CATTLE 318.38 ▼ 2.05% LITHIUM 60.91 ▲ 1.21% PETR4 45.36 — 0.00% VALE3 64.04 — 0.00% ITUB4 40.53 — 0.00% BBDC4 14.20 — 0.00% ABEV3 15.48 — 0.00% BBAS3 17.13 — 0.00% B3SA3 14.39 — 0.00% WEGE3 48.19 — 0.00% PRIO3 60.48 — 0.00% SUZB3 53.40 ▲ 2.12% RENT3 30.29 — 0.00% AZZA3 14.76 ▲ 4.98% CSAN3 2.77 — 0.00% RAIZ4 28.00 ▲ 2.56% PCAR3 2.40 ▲ 0.42% GMAT3 3.80 — 0.00% PSSA3 44.35 ▲ 1.46% CVCB3 0.84 ▲ 2.44% POSI3 3.09 ▼ 0.64% SLCE3 16.61 ▲ 1.59% NATU3 5.17 — 0.00% BRKM5 3.20 — 0.00% RANI3 8.53 ▲ 0.83% CSNA3 4.41 — 0.00%
since 2009
Monday, November 9, 2026

Peru’s Pedro Castillo to waive his presidential salary

By · · 2 min read

RIO DE JANEIRO, BRAZIL – Peru’s president-elect Pedro Castillo announced that he will waive his salary as president and will instead receive his teacher’s wage, the profession he practices. He also intends to cut ministers’ and legislators’ salaries by 50%.

Castillo announced the measures during a ceremony in the National Congress after being sworn in, over a month after the second round of presidential elections held on June 6.

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The leader of Peru Libre was officially proclaimed last Friday, after a delay by the National Electoral Jury (JNE) due to several appeals filed by his opponent Keiko Fujimori for alleged electoral fraud.

Castillo was finally declared winner by a narrow margin, with 50.12% of valid votes.

“I urge the Congress that when we take office we agree to waive the president’s salary. We will guide our country’s destiny on a teacher’s salary,” he stated. He further said that his political party will propose “first to Congress that the salaries of ministers and legislators be cut by half.”

Pedro Castillo, 51, works as a rural schoolteacher. He emerged in Peruvian politics after leading a teachers’ strike demanding better conditions for Peruvian educators.

The now president-elect comes from a humble family and was the only among 9 siblings to complete his studies. He worked as a teacher at the Cutervo Technological Institute, completed a bachelor’s degree at the César Vallejo University and a master’s degree in educational psychology.

Source: Caras y Caretas

This article was produced by The Rio Times’ automated AI newsroom. Editorial responsibility: Matthias Camenzind, Publisher and Editor-in-Chief. How we use AI · Report an error

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