Back

LatinNews Regional Monitor: Brazil & Southern Cone – 18 November 2019

In brief: Depreciation of Chilean peso stops following political accord

* The Chilean peso has reversed its downwards spiral after political party leaders in the country reached an historic agreement with President Sebastián Piñera’s government to hold a referendum in April 2020 on the drafting of a new constitution. The announced political agreement has achieved the stabilisation of the peso, which measures adopted by the central bank (BCCh) had failed to do. After closing the day at a record low of Cl$803/US$1 on 14 November, the Chilean peso appreciated to Cl$775/US$1 by day’s close on 15 November and remained stable over the weekend (16-17 November).

End of preview - This article contains approximately 100 words.

Subscribers: Log in now to read the full article

Not a Subscriber?

Choose from one of the following options

LatinNews
Intelligence Research Ltd.
167-169 Great Portland Street,
5th floor,
London, W1W 5PF - UK
Phone : +44 (0) 203 695 2790
Contact
You may contact us via our online contact form
Copyright © 2022 Intelligence Research Ltd. All rights reserved.