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The Unidad de Fomento (UF) is a unit of account used in Chile. It is a non-circulating currency; [1] the exchange rate between the UF and the Chilean peso is constantly adjusted for inflation so that the purchasing power of the Unidad de Fomento remains almost constant on a daily basis during low inflation. It was created on 20 January 1967 ...
The Central Bank of Chile (Spanish: Banco Central de Chile) is the central bank of Chile. It was established in 1925 and is incorporated into the current Chilean Constitution as an autonomous institution of constitutional rank. Its monetary policy is currently guided by an inflation targeting regime.
During the first months of the Presidency of Gabriel Boric, the US dollar began to have a strong appreciation against the Chilean peso, among the reasons was the very strong drop in the raw material of Copper, in addition to political and economic instability due to the rise of the cost of living reaching its highest level in 20 years of 2 ...
In 1959, provisional banknotes were produced by the Banco Central de Chile. These were modified versions of the old peso notes, with the centésimo or escudo denomination added to the design. Denominations were 1 ⁄ 2, 1, 5, 10 and 50 centésimos, 1, 5, 10 and 50 escudos.
In 2005, the US Office of the Comptroller of the Currency (OCC) removed the General Manager of Banco de Chile - New York from the United States banking industry and imposed a $200,000 civil money penalty against the individual for engaging in unsafe banking practices, related to his involvement in accounts owned or controlled by the prominent politically exposed person and his associates.
Rosanna María Assunta Costa Costa (born 6 December 1957) is a Chilean economist, academic, and researcher.She currently serves as the Governor of the Central Bank of Chile [1] and previously held the position of head of the Ministry of Finance's Budget Office during Sebastián Piñera's first presidency from 2010 to 2014.
BancoEstado is regulated mainly by the provisions of the Organic Law of the Bank of the State of Chile (Ley Orgánica del Banco del Estado de Chile), which defines the bank as an autonomous state-owned company with separate legal personality and its own assets, supervised exclusively by the Bank and Financial Institution Board (Superintendencia de Bancos e Instituciones Financieras).
The Casa Matriz del Banco de Chile is a building in downtown Santiago, Chile, which houses the headquarters of the Banco de Chile. It is located at 251 Paseo Ahumada street, between Huérfanos y Agustinas streets. The building was declared as a National Monument of Chile in 2016, within the category of Historic Monuments. [1] [2]