Chile to sell $400m a day in first week of forex interventions
Central bank selling $200m in spot market and $200m in 30-day forwards
The Central Bank of Chile is selling $400 million a day this week as it launches its major forex intervention programme, designed to stabilise the peso.
The interventions, from December 2-6, consist of sales of $200 million in the spot market, which are being carried out through the Datasec system.
Additionally, $200 million of 30-day forwards will be sold through the System of Market Operations.
These actions will continue until May 29, 2020, and the central bank will publish the schedule
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