Uruguay’s Digital Currency Plans Signal a Shift Toward Financial Control

Uruguay’s Digital Currency Plans Signal a Shift Toward Financial Control

Uruguay’s Central Bank has tapped veteran economist Adolfo Sarmiento to lead its new digital currency initiative. By assigning a former policy chief to this role, the bank clearly moves from neutral cash management to an era of state-centered financial oversight. This project revives Uruguay’s 2017–18 e-Peso pilot, which issued 20 million digital pesos—about $670,000—to 10,000 […]