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Chile concerned over strong peso but rejects buying dollars

04-22-2011 15:00 BJT

SANTIAGO, April 21 (Xinhua) -- Chilean Finance Minister Felipe Larrain said Thursday the government is concerned over the strengthening of the Chilean peso against the dollar but ruled out that the government will take any capital measures to revert the dollar exchange rate.

"There is interest and concern over the direction of the dollar," Larrain told reporters, but said the government had adopted no particular policies for the moment and for the government to do so there would have to be a "very significant" change to the dollar rate.

"This is outside Chile that is pushing the dollar and in our country, like in others, we are a pole of attraction for capital," he said.

The currency exchange rate Thursday opened at 466.5 Chilean pesos against the dollar, appreciating against the dollar from the rate of 467 pesos reached Wednesday.

In early January this year, the central Bank of Chile announced it planned to purchase 12 billion dollars to inject in Chile's economy during 2011 in an attempt to keep the Chilean peso from appreciating any further against the dollar.

Editor:Yang Jie |Source: Xinhua

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