Three Dead in Chile Protests: Santiago Times

Rising energy costs lead to consternation in emerging economies, especially net importers of oil as well as the many that rely on fuel subsidies. A proposed hike in subway fares by Chile's President Sebastián Piñera prompted protests that led to protests, clashes with security forces – leading to more than 300 arrests and three deaths. “The protest by students began on Monday when hundreds of young people mobbed several stations in Santiago, jumping over or dipping under turnstiles to protest a 4% increase in subway fares from about US$1 to US$1,16,” reports the Santiago Times. “Chile doesn’t produce its own oil and must import its fuel, leading to high prices for gasoline, electricity and elevated public transportation costs.” Officials suggested the increase was needed to maintain the subway system, cover rising costs of fuel even as the peso is in decline. The city suspended operations of the subway system with 41 of 136 stations or vandalized. The country is a net energy importer for 65 percent of its supply. – YaleGlobal

Three Dead in Chile Protests: Santiago Times

At least three dead in Chile protests over in metro fares – President Piñera suspends rise in metro fares despite rising energy prices
Tuesday, October 22, 2019

Read the article from the Santiago Times about protests in Chile over a hike in metro rates due to rising energy prices.

US Dollarto Chilean Peso, Selected Dates	 Apr 21 2018	596.33 May 22 637.09 June 22 640.17 July 22 660.24 Aug 22 664.01 Sept 22 666.76 Oct 21	679.1 Nov 22	666.48 Dec 21 691.27 Jan 21 2019 671.13 Feb 22 654.5 Mar 21	662.47 Apr 21	662.22 May 22 695.78 June 21 683.87 July 21 688.44 Aug 21 709.2 Sept 21	717.73 Oct 21	727.4

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