Chile peso up as dlr forwards lapse after gov't plan
SANTIAGO, June 17 (Reuters) - Chile's peso closed at a near 9-month high on Wednesday as investors held back from renewing dollar forward positions following the government's decision to repatriate and convert $4 billion in savings into pesos, dealers said.
The peso CLP=CL rose 1.61 percent to 546.00/546.50 per dollar compared to Tuesday's close at 554.80/555.30.
The government said on Monday it would cash in $4 billion in windfall copper savings to counter a ballooning fiscal deficit. The central bank will sell the dollars for pesos on behalf of the government starting in July. (Reporting by Froilan Romero)
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