he euro Payment was made at closing for 1,031.40 Chilean Peso on averageThis represents a decrease of 0.15% compared to 1,032.97 pesos the previous day.
Taking into account last week, euro Record an increase 0.3%%So on a yearly basis it still maintains an increase in 4.41%.
As for the changes of this day compared to the previous days, it has linked two consecutive dates with negative numbers. Referring to the fluctuations of last week, they are somewhat lower than the numbers achieved for last year (11.85%), so that in this final stage they are heading towards lower fluctuations than usual.
after Economically stagnant yearChile could see a recovery by 2024 and 2025, according to OECD forecasts.Organisation for Economic Co-operation and Development).
The outlook is expected to improve due to higher real wages due to Decrease in inflation And lower interest rates, which allowed Chileans to improve their consumption.
It indicates that production will increase by 1.8% and 2.5% in 2025. The outlook is positive due to improved business confidence, as well as demand for metals, which will support exports. It is estimated that economic inflation It will reach the central bank’s target in the second half of 2024, and from then on it will decline at a slower pace.
he Chilean peso It has been the legal tender of Chile since 1975, resumes the use of the peso sign ($) and is regulated by the Central Bank of Chile, which controls the amount of money in circulation.
The Chilean currency was created in 1817 after the country’s independence, but the decimal system was not established in the Chilean peso until 1851, which now consists of 100 centavos, and over time, the currency has changed, but Currently it is calculated in full peso..
So far you can find Coins in denominations of 5, 10, 50, 100 and 500 pesosThe latter was the first bimetallic coin produced in the country. In 2009, an attempt was made to create 20 and 200 peso coins, but the project was rejected by Congress. At the same time, in 2017, it was approved to stop issuing 1 and 5 peso coins.
Similarly, in October 2018, the Central Bank of Chile announced that it would begin a process of Withdrawal from circulation of 100 peso coinsIt was created between 1981 and 2000, with the aim of reducing its coexistence with existing currencies, although it is still valid.
On economic issues, Chile It had a strong financial response. In 2021, it grew by 11.7%, making it one of the fastest recoveries in the world after the coronavirus pandemic. This situation is explained by consumption driven by the withdrawal of pension funds and direct financial support.
despite this, The recovery in the labor market was slower. Inflation also affected Chile, driven by strong demand pressures, increases in raw material prices, supply disruptions, and the depreciation of the peso, ultimately resulting in the highest public debt in three decades (37%).
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