IBOV 168,498.45 ▲ 1.39% IPC MEX 71,393.57 ▲ 0.43% MERVAL 2,848,945 — — USD/BRL5.50▼ 0.19% USD/MXN18.63▲ 0.02% USD/CLP975.74▼ 0.09% USD/COP3,240▲ 0.03% USD/PEN3.44▼ 0.22% USD/ARS 1,545 — 0.00% USD/UYU40.31▲ 3.23% USD/PYG6,358▲ 6.40% USD/BOB11.81▲ 0.77% USD/DOP60.61▲ 4.08% USD/CRC448.27▲ 2.01% USD/GTQ7.64▲ 3.17% USD/HNL26.88▲ 3.19% USD/NIO 36.62 — 0.00% USD/VES895.29▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.99▲ 2.78% USD/TTD6.72▲ 2.44% EUR/BRL6.13▼ 0.64% BRENT 97.30 ▼ 1.04% WTI 90.19 ▼ 0.70% IRON ORE 161.91 — — COPPER 6.27 ▲ 0.81% GOLD 4,076 ▲ 0.02% SILVER 51.85 ▲ 0.08% SOY 1,194 ▲ 1.08% CORN 441.50 ▲ 0.34% WHEAT 591.25 ▼ 1.34% COFFEE 280.15 ▲ 1.08% SUGAR 18.25 ▼ 1.67% ORANGE JUICE 130.55 ▲ 1.63% COTTON 78.54 ▼ 0.22% COCOA 5,119 ▼ 1.20% BEEF 214.05 ▼ 0.16% CATTLE 318.38 ▼ 2.05% LITHIUM 60.91 ▲ 1.21% PETR4 45.36 — 0.00% VALE3 64.04 — 0.00% ITUB4 40.53 — 0.00% BBDC4 14.20 — 0.00% ABEV3 15.48 — 0.00% BBAS3 17.13 — 0.00% B3SA3 14.39 — 0.00% WEGE3 48.19 — 0.00% PRIO3 60.48 — 0.00% SUZB3 53.40 ▲ 2.12% RENT3 30.29 — 0.00% AZZA3 14.76 ▲ 4.98% CSAN3 2.77 — 0.00% RAIZ4 28.00 ▲ 2.56% PCAR3 2.40 ▲ 0.42% GMAT3 3.80 — 0.00% PSSA3 44.35 ▲ 1.46% CVCB3 0.84 ▲ 2.44% POSI3 3.09 ▼ 0.64% SLCE3 16.61 ▲ 1.59% NATU3 5.17 — 0.00% BRKM5 3.20 — 0.00% RANI3 8.53 ▲ 0.83% CSNA3 4.41 — 0.00% IBOV 168,498.45 ▲ 1.39% IPC MEX 71,393.57 ▲ 0.43% MERVAL 2,848,945 — — USD/BRL 5.50 ▼ 0.19% USD/MXN 18.62 ▼ 0.07% USD/CLP 975.74 ▼ 0.09% USD/COP 3,240 ▲ 0.03% USD/PEN 3.43 ▼ 0.28% USD/ARS 1,545 — 0.00% USD/UYU 40.31 ▲ 3.23% USD/PYG 6,358 ▲ 6.40% USD/BOB 11.81 ▲ 0.77% USD/DOP 60.60 ▲ 4.06% USD/CRC 448.27 ▲ 2.01% USD/GTQ 7.64 ▲ 3.17% USD/HNL 26.88 ▲ 3.19% USD/NIO 36.62 — 0.00% USD/VES 895.29 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.99 ▲ 2.78% USD/TTD 6.72 ▲ 2.44% EUR/BRL 6.13 ▼ 0.64% BRENT 97.30 ▼ 1.04% WTI 90.19 ▼ 0.70% IRON ORE 161.91 — — COPPER 6.27 ▲ 0.81% GOLD 4,076 ▲ 0.02% SILVER 51.85 ▲ 0.08% SOY 1,194 ▲ 1.08% CORN 441.50 ▲ 0.34% WHEAT 591.25 ▼ 1.34% COFFEE 280.15 ▲ 1.08% SUGAR 18.25 ▼ 1.67% ORANGE JUICE 130.55 ▲ 1.63% COTTON 78.54 ▼ 0.22% COCOA 5,119 ▼ 1.20% BEEF 214.05 ▼ 0.16% CATTLE 318.38 ▼ 2.05% LITHIUM 60.91 ▲ 1.21% PETR4 45.36 — 0.00% VALE3 64.04 — 0.00% ITUB4 40.53 — 0.00% BBDC4 14.20 — 0.00% ABEV3 15.48 — 0.00% BBAS3 17.13 — 0.00% B3SA3 14.39 — 0.00% WEGE3 48.19 — 0.00% PRIO3 60.48 — 0.00% SUZB3 53.40 ▲ 2.12% RENT3 30.29 — 0.00% AZZA3 14.76 ▲ 4.98% CSAN3 2.77 — 0.00% RAIZ4 28.00 ▲ 2.56% PCAR3 2.40 ▲ 0.42% GMAT3 3.80 — 0.00% PSSA3 44.35 ▲ 1.46% CVCB3 0.84 ▲ 2.44% POSI3 3.09 ▼ 0.64% SLCE3 16.61 ▲ 1.59% NATU3 5.17 — 0.00% BRKM5 3.20 — 0.00% RANI3 8.53 ▲ 0.83% CSNA3 4.41 — 0.00%
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Sunday, November 8, 2026

Chile Latin America

Political future of Chilean President increasingly uncertain

By · · 3 min read

RIO DE JANEIRO, BRAZIL – Chile’s Constitutional Court (TC) rejected on Tuesday a request by the government of Sebastián Piñera seeking to disapprove of a constitutional reform that Congress passed into law for a third pandemic aid withdrawal of 10% of the pension funds.

In a plenary 7-3 vote, the TC did not accept the challenge for unconstitutionality and cleared the way for final parliamentary approval of the bill, which seems inevitable following the Senate’s green light last week.

Future of Chilean president increasingly uncertain
Future of the Chilean president increasingly uncertain.
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In other words, the only way Piñera can stop the third pandemic aid withdrawal of 10% of pension fund accounts is to veto it. Many in Chile see this as political suicide.

The TC’s decision caused an immediate uproar in the political world. Senator Iván Moreira, from the right-wing Independent Democratic Union (UDI), assured that “this is a very great defeat for the Government,” which will have to assume serious consequences.

Moreira pointed out that the chief executive did not foresee the effects of sending this project to the TC, approved with more than a two-thirds vote in the National Congress, could have, and warned that this would even imply a change of cabinet.

Socialist Deputy Maya Fernández asked the president not to veto the constitutional reform and sign it, so that millions of Chileans can receive 10% of their pension savings.

Deputy Camila Vallejo of the Communist Party pointed out that the ruling of the TC ”is a huge defeat for the government by an institution as close to La Moneda as the Constitutional Court“ and considered that Piñera should immediately sign the reform approved by the parliament.

Deputy Pamela Jiles of the Humanist Party, one of the promoters of the bill, underlined that ”today is the end of the Piñera government, curiously at the hands of that anti-democratic monstrosity, which is the TC.” She also said, “Piñera will be able to continue. I don’t know for how long in La Moneda, but he will be vegetating; he will be an ornament.”

After the ruling was known, an emergency meeting of the Political Committee was called immediately from the La Moneda Palace, headed by the president, to decide what to doin the face of this new situation.

In addition to being strongly criticized at the time by almost all political parties, including his own ruling party, the request presented by Piñera to the TC generated a wave of protests in the country with cacerolazos, barricades in the streets, and even the call for a general strike for this coming Friday.

La Moneda went to the TC last week, intending to block it under the pretext that the draft was unconstitutional because it mortgaged the future of Chileans and would leave almost five of the 11,000,000 listed in the system without pension funds.

This article was produced by The Rio Times’ automated AI newsroom. Editorial responsibility: Matthias Camenzind, Publisher and Editor-in-Chief. How we use AI · Report an error

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