How much is the dollar worth in Chile: check here the exchange rate for today, June 23

How much is the dollar in Chile? Here we tell you what the exchange rate is for this Thursday, June 23, amid persistent fears that sustained increases in interest rates to deal with inflation could complicate the recovery of the world economy or cause a recession. .

The dollar in Chile ended the day on Wednesday, June 22, at 874.22 Chilean pesos, which meant a decline of 0.93% compared to Tuesday’s session, according to data from Bloomberg.

Regionally, most currencies and stock markets in Latin America fell on Wednesday, amid persistent fears that sustained rises in interest rates to tackle inflation could complicate the recovery of the world economy. or cause a recession.

According to the Reuters agency, the session began with the attention of the markets and investors focused on the testimony of the president of the United States Federal Reserve in the Senate, in search of signs of future monetary policy measures.

The Federal Reserve is “strongly committed” to bringing down inflation, which is at a 40-year high, and policymakers are moving “quickly to do so,” US central bank chief Jerome said on Wednesday. Powell.

“It is essential that we bring inflation down if we are to have a sustained period of strong labor market conditions that benefit everyone,” Powell said in a speech prepared for a hearing before the US Senate Banking Committee.

What is the Chilean peso?

The Chilean peso is the official currency of Chile, whose origins with the Central Bank of Chile as issuer date back to 1925.

Currently, coins of 10, 50, 100 and 500 Chilean pesos are in circulation. Those of 1 and 5 pesos have ceased to be issued since 2017.

What are the banknotes that circulate in Chile?

To date, the bills that circulate in Chile are those of 1,000, 2,000, 5,000, 10,000 and 20,000 pesos.

The 1,000, 2,000 and 5,000 peso bills are made of a material known as polymer, which is soft and smooth to the touch. For the denominations of 10,000 and 20,000 pesos, cotton paper is used, which gives them a certain rough texture.