Home to the oldest continuously operating university in the Americas (4)

I believe the answer is:

peru

(Other definitions for peru that I've seen before include "Nazca, Cuzco here" , "South American country" , "Mario Vargas Llosa's native land" , "Land of the Incas" , "S American country, capital Lima" .)

I've seen this clue in The New York Times.

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