Uruguay Introduces Reserve Requirements

Uruguay Introduces Reserve Requirements

Bonds Economy & Policy Uruguay Corporate & Sovereign Strategy

Uruguay’s central bank has introduced a reserve requirement on new foreign purchases of short-term central bank bonds, it says, as it seeks to limit inflows of speculative capital into short-term central bank paper. Foreign investors buying short-term central bank paper will have to deposit 40 out of every 100 pesos in a special central bank reserve account.  “Anecdotal evidence suggests that such capital inflows have increased significantly from 4% in March to an estimated 9% currently on

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