Chile's peso hit a historic low on Tuesday after government promises to rew...
SANTIAGO - Chile’s peso hit a historic low on Tuesday after government promises to rewrite the country’s dictatorship-era constitution failed to quell anger on the street.
The demonstrations have sometimes devolved into arson, riots and looting, leaving at least 20 dead and wreaking billions of dollars of damage to public infrastructure and private businesses. Vandals have hobbled Santiago’s public transport system, destroying metro stations and burning buses. State workers and some unionized miners in Chile launched a massive, nationwide walk-off early on Tuesday, saying they were not yet satisfied following the government’s decision to rewrite the country’s heavily criticized dictatorship-era constitution.
Truck drivers and other protesters, meanwhile, had set up barricades Tuesday on at least two major highways connecting the capital Santiago with outlying cities and ports, prompting huge back-ups on key regional arteries.Most of Chile’s copper mining companies said they had maintained their operations on Tuesday despite the protests, albeit with some delays and sporadic unrest, unions and management teams told Reuters.
Clashes with police and military security forces have escalated as protests have grown smaller but in some cases, more violent.
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