Chile Central Bank to Inject $4B to Halt Peso Slide
|11/14/2019||Posted by BusinessMediaguide.Com under General World News||
Chile’s central bank on Wednesday announced a $4 billion injection to stop a currency slide that saw the peso reach historic lows on two successive days.
The peso fell to 795 to the dollar at the close Wednesday after a previous record low of 783 on Tuesday.
The bank said it had taken the measure to “mitigate eventual tensions” in the financial markets.
It expressed fear that the combination of social unrest and a lack of cash flow at the end of the year would see the currency fall even further.
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