By Nathan Gill
Nov. 25 (Bloomberg) — Chile’s central bank sold $200 million in dollar swaps to banks, part of a $5 billion program over the next six months.
Banks were awarded the swaps at an average rate of 1.2 percent above Libor, the central bank wrote on its Web site. It put $500 million of swaps up for auction today.
The central bank will allow banks to access dollars for as long as 91 days, it said in the report. It is also offering pesos through repo operations, and will accept bank deposits as collateral.
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