g swaps fell to PEN1.1 billion ($330 million) in December 2016 from PEN26.4 billion ($7.7 billion) in December 2015 and USD-linked CD's dropped to PEN805 million (S234 million) from PEN7.1 billion ($2.3 billion) during the same period. Moreover, after having lost $12.3 billion in international reserves in 2