Juan Velasco Alvarado of the Velasco administration's economic policies is still debated today. As the Peruvian military government ran deeper into debt, it was forced to devalue the currency and run inflationary policies. This however, was in part due to the 1970s Energy Crisis, which also affected Peru and made it impossible for the Velasco administration to fund some of its most ambitious reforms. In foreign policy, in contrast with his 1970s Latin American contemporaries, which were mostly right-wing military dictatorships, he pursued a partnership with the Soviet bloc, tightening relations with Cuba and Fidel Castro and undertaking major purchases of Soviet military
Juan de Velasco de Quito" is important in the history of Ecuador and of the city of Quito because it alleges the existence of a pre-Inca kingdom in what is now Ecuador and which is known as "Reino de Quito" ("Kingdom of Quito"). The book is mentioned, discussed and criticized by several historians such as Marcos Jiménez de la Espada, Federico González Suárez, Jacinto Jijón y Caamaño, Alfredo Pareja Diezcanseco, Misael Acosta Solís, Enrique Ayala Mora and Galo Ramón Valarezo. A picture of Juan de Velasco was in a 1947 60-cent postal stamp of the Ecuadorian postal service . Juan de Velasco Juan