[2] Peru first established economic and consular relations with the Yugoslav government-in-exile in October 1942, during World War II.

[5] After the 1968 Peruvian coup d'état and the establishment of Juan Velasco Alvarado's Revolutionary Government, relations were renewed in 1968, and an embassy opened in Belgrade the same year.

[7] At the same time, Peru also recognized the other states that succeeded Yugoslavia, such as Croatia in 1993.

[8] The embassy in Belgrade closed in December 2006,[9][10] a couple of months after the independence of Montenegro, and the Peruvian Ambassador to Romania became accredited to Serbia until 2018, when the Peruvian Ambassador to Hungary became accredited instead after a series of reforms.

However, its recognition of the breakaway state after its declaration of independence in 2008 led to controversy with the Serbian authorities, who recalled their ambassador for a couple of months.