Off The Wire
Chile central bank announces measures to increase dollar liquidity
SANTIAGO, Dec 15 (Reuters) - Chile's central bank said on Friday it had approved measures to increase dollar liquidity in foreign exchange markets over the next four weeks, announcing the measures days ahead of a presidential election.
The bank will offer currency swaps in dollars for up to $500 million, and to compensate the swaps will also offer repurchase agreements in Chilean pesos, it said in a statement.
Chile's currency market has been volatile in recent weeks.
(Reporting by Antonio de la Jara and Felipe Itturieta; Writing by Caroline Stauffer; Editing by Leslie Adler)