Record purchase of US dollars to keep Uruguayan Peso from further appreciation

Thursday, January 3rd 2013 - 06:02 UTC

Full article 3 comments

Uruguay’s Central bank on Wednesday made its largest purchase of US dollars on record totalling 120 million dollars following on the bank’s monetary committee decision in the last week of 2012 to increase the basic rate to 9.25% as the country struggles to contain inflation. Read full article

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ChrisR
But to carry out the IMF recommendations would require someone in charge who understands HOW to achieve the requirements; starting with cutting the public sector by 50% and facing down the unions in order to achieve it..

Anybody know who can do that? No, I didn't think so.
Jan 04th, 2013 - 08:55 pm - Link - Report abuse 0
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British_Kirchnerist
“Uruguay’s macroeconomics are far more serious than neighbouring Argentina”

By what measure, given they don't seem to be doing any better at the end of it? Maybe Pepe should take a lead from his friend Cristina rather than letting Astori run the economy?
Jan 07th, 2013 - 10:36 pm - Link - Report abuse 0
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Troy Tempest
@02 Burger King

“By what measure, given they don't seem to be doing any better at the end of it? Maybe Pepe should take a lead from his friend Cristina rather than letting Astori run the economy?”

Ha!! Another 'throwaway' BK comment, not wants serious debate, just annoyance, diversion, and the obligatory comical adulation of psycho-hag CFK

Back to the story, now...
Jan 09th, 2013 - 06:57 am - Link - Report abuse 0
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