The situation in Chile is not calming down and investors are clearly losing patience. Protests that started in October have turned violent with at least 23 reported dead and above 2000 injured. These protests have intensified this week as authorities chose to confront the protesters and human rights organizations alarm about a growing number of violations. Uncertainty about the situation and severity of impact on the economy exerts a downward pressure on the currency that is down another 2% today. USDCLP is nearly 14% up last month and was trading close to 840 today – the highest level in history.
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