Explosive increase of foreign currency accounts in Chile continues

In the detail of current accounts with balance in foreign currency, the increase in amounts of money deposited and the number of accounts created has grown exponentially since October 2019.

RIO DE JANEIRO, BRAZIL - At least since the social outburst, several people have been saying it: wealthy Chileans are taking their fortunes out of the country.

The political environment, the new Constitution, the tax changes pushed by the government that takes office in 2022, and a smaller capital market after the successive withdrawals of pension funds have caused lawyers and tax advisors to have an unusual workload advising clients.

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The figures bear witness to this. For example, between August and this week in October . . .

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