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Uruguay Advances De-Dollarization With New Local Currency Funds
Uruguay is accelerating its campaign to reduce reliance on the U.S. dollar by launching new domestic money market funds denominated in pesos. The financial initiative aims to deepen local capital markets and stabilize the national economy against external currency fluctuations.
1 Sept, 13:15 — 1 Sept, 15:08
The Story
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Source Diversity
Source Diversity
Low (24/100)2 sources— more sources would strengthen this score15/33
Spectrum spread— 1/5 buckets covered0/33
Far L
Left
Center2
Center (2)
batimesbloomberg
Right
Far R
Geographic diversity— 2 regions9/34
Argentina1US1
ℹOnly 2 sources cover this story
Sources
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bloombergHigh3d ago
Uruguay’s Push to De-Dollarize Boosted by New Money Market Funds
Investors in Uruguay are parking more of their wealth in peso-denominated money market funds and government bonds, adding momentum to the South American safe haven’s push to reduce its dependence on the dollar.
By Ken Parks
Read full article →batimesMostly Factual3d ago
Uruguay’s push to de-dollarise boosted by new money market funds
Investors in Uruguay are parking more of their wealth in peso-denominated money market funds and government bonds, adding momentum to the nation's push to reduce its dependence on the dollar. Leer más
By Ken Parks, Bloomberg
Read full article →Coverage Timeline
First report: bloomberg · 1 Sept, 13:15|Full coverage: 2 · 2h|Window: 2h
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