Abancay, founded in 1572 as Santiago de los Reyes de Abancay, is a city in southern-central Peru. It is the capital of both the Apurímac Regio…Abancay, founded in 1572 as Santiago de los Reyes de Abancay, is a city in southern-central Peru. It is the capital of both the Apurímac Region and the Abancay Province, and serves an important cultural, economic, and political role in Apurímac.