In These New Times

A new paradigm for a post-imperial world

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.

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