Paraguay and Uruguay prepare for new scenario with stronger Argentine peso

Paraguay and Uruguay prepare for new scenario with stronger Argentine peso

Following Buenos Aires' announcements regarding the lifting of restrictions to exchange local pesos into US dollars, neighboring Uruguay and Paraguay are preparing for the changes to come. Both countries foresee an increasing influx of Argentine travelers to benefit from the new scenario, which in the case of Paraguay also includes a depreciating guaraní.

“We will take advantage of the transformation that is taking place in Argentina. It is a country that is embracing economic recovery, innovation and in which more and more opportunities are opening up,” said Binbing Xiao in his public presentation as CEO of Huawei for Argentina, Uruguay and Paraguay. The change is a regular rotation of senior executives that puts the company into practice every three or four years. Within the framework of Huawei…