How much is the dollar worth in Chile: check here the exchange rate for today, June 29

How much is the dollar in Chile? Here we tell you what the exchange rate is for this Wednesday, June 29, amid better prospects for the world economy, after China decided to relax some of the quarantine requirements for entering the country due to COVID-19.

The dollar in Chile ended the day on Tuesday, June 28, at 911.70 Chilean pesos, which meant a decrease of 0.97% compared to Monday’s session, according to data from Bloomberg.

At the regional level, Latin American currencies were mixed on Tuesday while the bulk of the stock markets registered gains, amid better prospects for the world economy, after China decided to relax some of the quarantine requirements for entry to the country by COVID-19.

“The decision adopted by China to slightly relax the measures taken due to the coronavirus pandemic opens up hope for greater growth in the second largest global economy and, therefore, in the economy in general, since it should reactivate the demand for raw materials. ”, said an operator.

According to Reuters, China cut the quarantine time for travelers arriving in the country from abroad in half on Tuesday, in a major easing of some of the world’s strictest restrictions against COVID-19, which has deterred trips in and out of the country since 2020.

Quarantine in centralized facilities has been reduced from 14 to 7 days, while subsequent health control at home has been reduced from 7 to 3 days, according to the Chinese National Health Commission.

However, the advance of the currencies of the region was limited due to a global advance of the dollar, whose index, which measures the US currency against a basket of six major currencies, climbed around 0.4%.

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.