Chile Ends Mask Mandate; Uruguay to Propose Crypto Regulation

A roundup of Tuesday’s news from across Latin America

Bloomberg Línea
September 22, 2022 | 04:31 PM

Bloomberg Línea — After enduring two years of pandemic and one of the world’s longest lockdowns, Chilean health authorities have relaxed the mandatory use of face masks in outdoor spaces as of April 14, the Ministry of Health said on Tuesday after presenting a new plan to combat the coronavirus, and Uruguay’s Central Bank said Tuesday that during 2022 it will submit a project to the government aimed at regulating at least part of the cryptocurrency market.

On the region’s stock markets, Colombia’s COLCAP index rebounded after being one of the indices that fell the most in Latin America in Monday’s session, and closed Tuesday with a rise of 0.96%. The main index of the local stock exchange benefited from the performance of the shares of Ecopetrol (ECOPETL) and Canacol Energy, which were boosted by the increase in the prices of raw materials in the first hours of trading.

Following is a roundup of Tuesday’s news from Bloomberg Línea and Bloomberg reporters across Latin America.



  • The Brazilian real’s (USDBRL) rally is gaining steam as soaring prices for its commodity exports and one of the world’s highest interest rates fuel a lucrative carry trade for investors. Swiftly rising rates and the best performance for raw-materials prices in 30 years ignited a breakout start to the year. The carry trade -- what investors make by borrowing in dollars and buying local notes -- has produced a 24% return since the end of December, the most worldwide



Dominican Republic:

El Salvador: