Skip to main content
//empty //empty

Chile's Central Bank President Mario Marcel speaks during a press conference in Valparaiso on Sept. 5, 2018.

RODRIGO GARRIDO/Reuters

Chile’s central bank said on Wednesday it would implement measures to facilitate dollar and peso liquidity in the financial system after weeks of social unrest.

The bank said in a statement it will inject up to $4.0-billion through 30- and 90-day swap tenders and would also implement a REPO, or repurchase agreement, program.

The programs will run from Nov. 14 through Jan. 9, subject to change depending on market conditions.

Story continues below advertisement

On Tuesday, Central Bank president Mario Marcel said the country’s fiscal position remained “solid” despite the peso’s volatility.

The peso currency slid 4 per cent on Wednesday, at one point reaching a low of 800 pesos to the dollar, after President Sebastian Pinera announced his government would look at rewriting the country’s constitution written under military dictator Augusto Pinochet.

Report an error
Due to technical reasons, we have temporarily removed commenting from our articles. We hope to have this fixed soon. Thank you for your patience. If you are looking to give feedback on our new site, please send it along to feedback@globeandmail.com. If you want to write a letter to the editor, please forward to letters@globeandmail.com.

Welcome to The Globe and Mail’s comment community. This is a space where subscribers can engage with each other and Globe staff. Non-subscribers can read and sort comments but will not be able to engage with them in any way. Click here to subscribe.

If you would like to write a letter to the editor, please forward it to letters@globeandmail.com. Readers can also interact with The Globe on Facebook and Twitter .

Welcome to The Globe and Mail’s comment community. This is a space where subscribers can engage with each other and Globe staff. Non-subscribers can read and sort comments but will not be able to engage with them in any way. Click here to subscribe.

If you would like to write a letter to the editor, please forward it to letters@globeandmail.com. Readers can also interact with The Globe on Facebook and Twitter .

Welcome to The Globe and Mail’s comment community. This is a space where subscribers can engage with each other and Globe staff.

We aim to create a safe and valuable space for discussion and debate. That means:

  • Treat others as you wish to be treated
  • Criticize ideas, not people
  • Stay on topic
  • Avoid the use of toxic and offensive language
  • Flag bad behaviour

Comments that violate our community guidelines will be removed.

Read our community guidelines here

Discussion loading ...

To view this site properly, enable cookies in your browser. Read our privacy policy to learn more.
How to enable cookies