Chilean central financial institution joins regional international reserves community

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Chile’s central financial institution joined the Latin American Reserve Fund (Flar), a regional community of central banks that goals to foster international alternate stability.

The community accepted the Central Financial institution of Chile as a brand new member on February 16. The Chilean central financial institution turns into the fund’s ninth member, becoming a member of its counterparts from Bolivia, Colombia, Costa Rica, Ecuador, Paraguay, Peru, Uruguay and Venezuela. Its accession will increase Flar’s financing to $9 billion. Flar goals to assist the steadiness of funds

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