US EditionBank of Uruguay Would Intervene in the Exchange Market if the Dollar Continues to Decline
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The last intervention of the Central Bank was in August 2021. The weakening of the dollar compromises the inflationary goal
The dollar in Uruguay has recorded price changes in the last five days. On Thursday, January 22, it closed at $37.30 in the interbank market, the lowest value of the last six years; the history of such a reduced quote dated back to January 16, 2020. However, that bearish trend did not stop and, a day later, came to be operated at $37, something that did not happen since 2019. The situation increased criticism of the government by exporting secto…
Although there are no export duties in Uruguay, the exchange rate appreciation is promoting a significant increase in the pesified costs and that makes the competitiveness of the eastern agricultural sector more competitive. In this context, the five agricultural associations of the Littoral – the Uruguayan “core area” – asked the government of Yamandú Orsi to apply “a rudder blow before it is late.” “We are not well. Most of the products we sel…
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