its currency became the most depreciated in June

its currency became the most depreciated in June

Earlier, the minister of the office, Mario Marcel, said that there was little that the executive could do in foreign exchange matters, but that to the extent necessary, “some of the protection and support mechanisms that we have been implementing and that have the ability to adjust to how inflation evolves”.

The statement added that there is a sufficient amount of dollars in cash to finance all budget requirements during this year.

“It should be noted that due to significant changes in market and/or fiscal conditions, the amounts and terms indicated above may be modified, which will be informed in a timely manner,” he said.

The dollar reached a new historical record in Chile when trading at 918 pesos per unit in the midst of a bullish streak that had the highest rise this week since 2009.

Thus, the Chilean peso became the most depreciated currency against the dollar worldwide so far in June and the second in the week.

Source: Ambito

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