Peruvian Arroz con Leche

3 C water
1 stick cinnamon
1 piece of orange peel
Pinch of salt
1 C rice, uncooked
1 12-oz can evaporated whole milk
1/2 14-oz can sweetened condensed milk
1/2 Tbsp vanilla extract
Cinnamon for decoration

In a saucepan, combine water, cinnamon stick, orange peel, and salt. When the water starts to boil, ...stir in the rice and cover the pot with a lid. Cook on medium-low heat until the water has been absorbed. Add the milks and stir continuously with a wooden spoon until mixture gets thick. Remove from heat and add vanilla. Transfer the rice dessert to a bowl or small souffle cups, and sprinkle with cinnamon. It can be served hot, warm, or cold.