Central bank relaxes bank suspensions - Uruguay

URUGUAY - Uruguay's central bank has authorized suspended banks to partially resume operations, Uruguayan daily El Pais reported.

Private bank Banco de Credito may conduct salary and debt payments on behalf of clients, while its clients and those of suspended banks Banco Montevideo and Banco Caja Obrera can use credit cards issued prior to the suspension.

As the country's financial system returned to normality this week after a four day banking holiday July 30-August 2, local bank Banco ACAC re