Chile's peso rises 2% after deal on constitution struck

Credit: REUTERS/RODRIGO GARRIDO

SANTIAGO, Nov 15 (Reuters) - Chile's peso currency rose 1.94% in early trading on Friday after lawmakers agreed to hold a referendum on replacing the Pinochet-era constitution, bowing to demands of protesters who want the country's social and economic model overhauled.

The local currency CLP=C, CLP= traded at 788.50 pesos per buyer dollar and 788.80 pesos for sale. The peso had plunged this week to a new low against the dollar.

The two-page "Agreement for Peace and a New Constitution," signed by parliamentarians after midnight following intense negotiations, calls for a "commitment to re-establish peace and public order in Chile."

(Reporting by Fabian Cambero; Writing by Adam Jourdan; Editing by Steve Orlofsky)

((adam.jourdan@thomsonreuters.com; +54 1155446882; Reuters Messaging: adam.jourdan.thomsonreuters.com@reuters.net))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Tags

More Related Articles

Sign up for Smart Investing to get the latest news, strategies and tips to help you invest smarter.