Chile unveils strategy for series of interventions
The Central Bank of Chile has announced plans to buy $12 billion in foreign currency over the course of this year in a bid to halt the peso's appreciation against the dollar.
In a statement published in English on Wednesday, which on Monday had appeared in Spanish, the central bank said it would make periodic purchases of foreign currency starting on 5 January through to December 2011. The move has sparked a sharp dip in the peso, which had fallen from Ps465.65 against the greenback at the start
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