US Dollar rises: Uruguay behind Argentina

Wednesday, May 9th 2018 - 20:19 UTC

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After several days up in Argentina, the devaluation of the Argentine peso and the rise of the US dollar have had some impact on the other side of the River Plate, where the exchange houses of downtown Montevideo marked on Wednesday the value of the currency up to 31,70 Uruguayan pesos per dollar, a rise of 2.08% compared to Monday —the highest in five years—. For the Uruguayan government, the country follows the global trend and calls for calm, beyond the noise generated in Argentina, which is beginning a dialogue between the Finance Minister, Nicolás Dujovne, and the International Monetary Fund (IMF) in Washington. Read full article

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Enrique Massot
“...according to the Treasury, Argentina could request up to 30,000 million dollars.”

Although minister Dujovne was tight-lipped on details, the rumour has he may ask for as much as 45,000 million dollars from the IMF.

How much the IMF will be willing to lend, and which conditions it will impose in exchange, that's another matter.
May 10th, 2018 - 01:15 am - Link - Report abuse 0
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