Uruguay's central bank unveiled measures on Wednesday aimed at cooling the local Peso's appreciation by discouraging foreign investment in the bank's short-term debt. To combat the Peso's rise, officials ordered that 40% of new foreign capital invested in central bank bills be frozen in an account at the central bank.
Uruguayan president Jose Mujica approval plummeted to 39% in July, the lowest since taking office among other reasons for his plan to de-criminalize marihuana and his handling of the controversy with Argentina, according to the latest public opinion poll made public this week.
A plan by Uruguayan president Jose Mujica to turn the government into the nation's marijuana dealer has been presented to Congress. The aim of the proposed bill is to take over an illegal marijuana trafficking business estimated to be worth 30 to 40 million dollars annually.
Uruguay’s ruling catch-all coalition, Broad Front, has a 44% support well ahead of any of the two main opposition parties, according to the latest public opinion poll released in Montevideo by Equipos Mori.
The Uruguayan Congress passed early Thursday a law that eliminates the effects of the 1986 Amnesty Law (also known as Expiry Law), which protected police and military personnel from being prosecuted for human rights violations, and repeals a statute of limitations that would have prevented victims from filing criminal complaints as of 1 November.
Support for Uruguayan president Jose Mujica dropped to 41%, nine percentage points less than last March and 34 points down from when he took office in March 2010, according to an Interconsult public opinion poll published Monday in one of Montevideo’s dailies.
The administration of Uruguayan president Jose Mujica suffered a major setback over the weekend and could experience a further showdown on Thursday when members of the ruling coalition vote in Parliament the annulment of an Amnesty or Crimes expiration law which impedes the investigation of human rights violations committed during the country’s military dictatorship (1973/1985).
Uruguayan Vice-president Danilo Astori acknowledged that overturning the “Expired Crimes” or amnesty bill for human rights violators during the military dictatorship (1973/1985) could cost the ruling coalition ‘dearly’ and said he voted following ‘party discipline’.
Uruguay’s ruling coalition received a “wake up call” from voters during last Sunday’s municipal elections, admitted Vice President Danilo Astori. The Broad Front managed to retain five, probably six, of the 19 regional governments (departments) in which Uruguay is divided, while the opposition took the rest.
Communist Ana Olivera became Sunday the first elected woman mayor of the capital of Uruguay, Montevideo, following municipal elections for executive posts and councillors in the 19 regions in which the country is divided.