Uruguay
The IFF China Report 2019: New globalisation – The path to the future
Multilateral rules and multilateral bodies will need to be upgraded in the coming years to better represent the shift in economic gravity towards Asia, which has emerged as the largest contributor to global growth during the past decade.
Uruguay launches digital currency pilot
10,000 users will have access to the network, run in conjunction with the state-owned telecoms company and national payments system
Uruguay’s digital currency pilot ‘close to launch’, says governor
Central bank’s initiative will allow the public to access digital currency via mobile wallets; Ecuador’s prototype proves a flop
BIS paper presents evidence on Uruguayan price setting
Authors develop survey-based measure of firms’ price-setting behaviour, which may prove useful for research on other emerging markets
IMF paper offers Uruguay advice on money supply targeting
Move to new monetary policy target has proved ‘challenging’ IMF researchers note, offering advice on how to make the framework more effective
Central banks expect South American inflation to stabilise
Inflation rising in several countries in South America, but central bank heads in region suggest it will ‘moderate’ when supply shocks dissipate and exchange rates normalise
Uruguay central bank president replaced with predecessor after one year in job
Mario Bergara handed second term as central bank president; he first held the post between 2008 and 2013 and replaces Graña after just a year in the job
Uruguay digitises cheque clearing in payments overhaul
Central bank announces that all cheques will be cleared electronically – part of a payment system reform that will see the promotion of mobile banking
IMF’s Min Zhu on macro-prudential policy implementation
Deputy managing director of the IMF opens conference on macro-prudential policies; says countries must address three “crucial issues” to make these policies effective
Argentina raises deposit insurance ceiling: reports
Central Bank of Argentina quadruples cap on bank deposit insurance to better reflect falling peso
IMF paper identifies de-dollarisation drivers in South America
Fund study says de-dollarisation of deposits and development of local capital markets key factors in Latin American countries
CentralBanking.com panel: ECB’s response to Greek crisis too slow
Mike Williams, Paul Mortimer-Lee, and Phil Davis say the ECB should have moved more swiftly to tackle the fiscal problems in Greece
LatAm leaders pledge $7bn to Bank of the South
Leaders from seven of Latin America's biggest economies have agreed to provide $7 billion as start-up capital to the Bank of the South, a proposed regional counterweight to the Washington-based Bretton Woods institutions.
Central Bank of Uruguay - Annual Report 2006
High demand in foreign markets and low interest rates domestically boosted the Uruguayan economy in 2006.
Stiglitz praises Chavez's "Bank of the South"
Joseph Stiglitz, a former World Bank chief economist and Nobel laureate, commended plans put forward by Venezuela's president Hugo Chavez for a regional lender for Latin America.
Asia's savings glut keeps its bond markets tiny
According to this article published Wednesday 10 May, it is a puzzle why global investors hold almost no debt denominated in Asian currencies when they snap up fixed-income securities that pay in Uruguayan pesos or Brazilian reais.
Central Bank of Uruguay - Annual Report 2004
After the deep fall in activity levels that took place in 2002, the Uruguayan economy started a robust recovery process in 2003, the Central Bank of Uruguay said in its Annual Report 2004.
Uruguay: central bank reserves plummet
Following another fall in forex reserves at the Central Bank of Uruguay and a downgrade in its sovereign rating, default concerns over the Uruguayan currency are rising.
Uruguay int'l reserves fall 0.93 pct 5/6 Sept
URUGUAY - Uruguay's international reserves fell 0.93 percent Sept. 5-6 to $742 million, the Central Bank said on Monday, amid relative stability in the financial system following a run on deposits earlier this year.
Uruguay can pay public debt to December - cen bank
URUGUAY - Uruguay has enough funds to pay its public debt up to December using international reserves and multilateral loans, Central Bank President Julio de Brun said on Wednesday, responding to investor concerns the recession-hit country would not be…
Uruguay's central bank to begin deposit return
URUGUAY - Uruguay's government will begin returning deposits on Wednesday to clients of suspended banks Banco Montevideo, Caja Obrera, Comercial and de Credito, the central bank said in a statement.
IMF News Brief
NEWS BRIEF - IMF Completes First Review and Approves New Increase on Uruguay Stand-By, 8 August.
Central bank relaxes bank suspensions - Uruguay
URUGUAY - Uruguay's central bank has authorized suspended banks to partially resume operations, Uruguayan daily El Pais reported.
IMF News Brief
NEWS BRIEF - IMF Managing Director Kohler Prepared to Recommend US$500 Million Increase in Stand-By Credit to Uruguay, 4 August.