IBOV 168,498.45 ▲ 1.39% IPC MEX 71,393.57 ▲ 0.43% MERVAL 2,848,945 — — USD/BRL5.50▼ 0.19% USD/MXN18.61▼ 0.07% USD/CLP975.74▼ 0.09% USD/COP 3,240 — 0.00% USD/PEN3.44▼ 0.07% USD/ARS 1,545 — 0.00% USD/UYU40.31▲ 3.23% USD/PYG6,358▲ 6.40% USD/BOB11.81▲ 0.77% USD/DOP60.59▲ 4.05% 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▼ 0.72% BRENT 98.32 ▲ 0.03% WTI 90.83 ▲ 0.34% IRON ORE 161.91 — — COPPER 6.24 ▼ 0.18% GOLD 4,075 ▼ 0.94% SILVER 51.94 ▼ 0.56% 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 18.60 ▼ 0.15% USD/CLP 975.74 ▼ 0.09% USD/COP 3,240 — 0.00% USD/PEN 3.44 ▼ 0.01% 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 60.59 ▲ 4.05% 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 ▼ 0.72% BRENT 98.32 ▲ 0.03% WTI 90.83 ▲ 0.34% IRON ORE 161.91 — — COPPER 6.24 ▼ 0.18% GOLD 4,075 ▼ 0.94% SILVER 51.94 ▼ 0.56% 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 makes new attempt at constitutional reform with new 50-member council

By · · 3 min read

This Wednesday marked a significant step forward for Chile as the newly formed Constitutional Council, a 50-member body, was inaugurated.

The Council is tasked with presenting a new draft Constitution that will be subject to a plebiscite.

This represents a fresh attempt at constitutional reform after the rejection of the previous proposal from the 2021-2022 Constitutional Convention.

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Chile’s President, Gabriel Boric, during the installation, said, “You are standing on the shoulders of giants, with a task entrusted to you by the people of Chile and its history.”

Chile parliament building.
Chile parliament building.
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“You are to represent the citizenry in the formulation of a new constitutional text – a new Magna Carta, a fundamental law for our homeland.”

The President went on to explain that the formation of this Council is a sign of strength and unity. It demonstrates the nation’s capability of prioritizing the common good over individual interests.

He emphasized that Chile requires a constitution that provides long-term stability and can address the questions that the country has yet to ask.

Boric added, “In December, we will once again go to the polls to vote on your proposal. On that day, the citizens will again hold the power of popular sovereignty and decide the course of the constituent process. I firmly believe this will be beneficial for our country, marking the end of this cycle.”

Filmmaker and constitutional advisor Miguel Littin acted as the interim president of the body during its installation.

He proposed an agreement in his opening speech, “As we swear in, let us think of Chile and its people – the women, men, workers, middle-class, and peasants.

They trusted us with a mission: to craft a clear, transparent Constitution that we can all proudly defend and will serve as a compass for the future.”

Despite a minor setback when Aldo Sanhueza resigned due to a sexual abuse accusation before the Council’s inauguration, the Council proceeded with 50 members instead of the originally intended 51.

The Council also elected lawyer Beatriz Hevia as its president and Aldo Valle, the former rector of the University of Valparaiso, as vice president.

Hevia of the Republican Party noted, “The expert’s text is a draft and a starting point for the necessary conversations and debates. It is not an endpoint but rather the beginning of it becoming a consensus.”

From today, the 50 members will work on a draft prepared by a council of experts appointed by the National Congress.

The final text will undergo a mandatory plebiscite vote on December 17th.

This move follows the notable rejection of the first proposed Magna Carta during the September 2022 referendum, intended to replace the Fundamental Charter in effect since 1980, which established the neoliberal model in the southern nation.

Chile news, English news Chile, news constitution Chile, Constitutional Council Chile

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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