Chile Echoes Brazil on Currency War as Unchecked Peso Surges
Posted by seumasach on October 25, 2012
QE bails out the banks at home and offloads the crisis onto the Global South
25th October, 2012
Chile’s ability to depreciate its peso is limited as developed countries and China fight “currency wars” that keep their exchange rates artificially weak, the Andean nation’s Finance Minister Felipe Larrain said in an economic forum yesterday.