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Uruguay’s foreign exchange arrears were reduced, with the help of Argentina’s appreciation

Summary by Bloomberg Linea
According to the Central Bank of Uruguay (BCU) in its latest Report on Monetary Policy (IPoM), the exchange rate arrears that affected the Uruguayan economy generated concern among exporters and other business sectors were considerably reduced, as Argentina, one of the countries with which Uruguay trades the most, had a strong appreciation of its currency in real terms.The monetary authority, on the other hand, warned that there are inflationary…
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