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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 ...
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.
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.
Banco Central de Chile building. 100 escudos: 1967-1974 Blue 178 × 83 mm Effigy of Manuel Rengifo. [21] Liberating Expedition of Peru, by Thomas Somerscales. 500 escudos: 1971-1975 Carmine rose 145 × 70 mm Effigy of a miner, on the occasion of the nationalization of copper in 1971. [22] [23] Chuquicamata mine. 1000 escudos: 1973-1975 Purplish ...
In October 1999 Chile introduced "fully-fledged inflation targeting". [13] According to Pablo García Silva, member of the board of the Central Bank of Chile, this has allowed to attenuate inflation. García Silva exemplifies this with the limited inflation seen in Chile during the 2002 Brazilian general election and the Great Recession of 2008 ...
Mario Marcel Cullell (born 22 October 1959, Santiago de Chile) is a Chilean economist who has been serving as Chile Minister of Finance since 11 March 2022. He previously served as Governor of the Central Bank of Chile.
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.