Tag: South American currencies
South American currencies
Thursday, April 7th 2011 - 10:11 UTC
Uruguay’s public debt to abandon foreign currencies for local Pesos
Uruguay this year plans to swap part of its foreign-currency bonds for debt denominated in Pesos, said Economy Minister Fernando Lorenzo. Uruguay will also sell Peso securities and use the proceeds to pay off bonds denominated in other currencies, Lorenzo said without providing further details.
