Central Banks

Chile’s Peso Tumbles on ‘Storm Prep’ From Surprise Reserves Plan

The Santiago Stock Exchange in Santiago. — The Santiago Stock Exchange in Santiago.
Photographer: Cristobal Olivares/Bloomberg

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By Matthew Malinowski and Vinicius Andrade

August 6, 2025 at 1:39 PM UTC

Updated on

August 6, 2025 at 8:11 PM UTC

Lea en español

Chile’s peso tumbled Wednesday on central bank plans to boost international reserves by about 40%, a development that surprised investors given the institution had repeatedly said it was comfortable with the amount it held.