Chilean Senators warn about ‘social impact’ of cheap US dollar for farm areas

Saturday, December 18th 2010 - 00:22 UTC

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Senators representing agricultural parts of Chile strongly criticized the Central Bank and President Sebastian Piñera this week for turning a deaf ear to the “social, cultural and economic problems” created by the falling value of the US dollar, now hovering at 470 pesos to the dollar. Read full article

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Forgetit87
That's a good reason to be concerned. Chile's economic success is related to its emulating East Asian countries' exchange rate policy of devalued currencies.
Dec 18th, 2010 - 06:34 am - Link - Report abuse 0
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