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Chile devalues peso to perk up economy

By With Analysis From Monitor Correspondents Around The World, Edited By Anne Shutt / June 16, 1982

Santiago, Chile

Chile announced that it was devaluing the peso by 18 percent against the dollar, Economy Minister Luis Danus said.

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He said this was part of a series of measures the government will announce shortly to reactivate the Chilean economy, which became sharply recessive in the second half of 1981.