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Sovereign Wealth Funds Briefing - Categorized | Reserve Currencies

Chile Peso closes 1% weaker on US stock tumble, risk aversion

Posted on 09 July 2009

From WSJ: The Finance Ministry last week began the sale of $4 billion, repatriated from one of its sovereign wealth funds, in the local market. It will sell the $4 billion, earmarked to finance its announced fiscal deficit, at a rate of $40 million a day.

In the local bond market, yields on Chilean central bank bonds, or BCUs, ended higher following a scheduled central bank bond buyback, traders said……..Full Article: Source


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