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Uruguay Confronts the Dollar: A New Monetary Policy to Support the Local Currency

December 27, 2025اقتصاد – الشروق أونلاينechoroukonline.comTranslated from Arabic
Uruguay Confronts the Dollar: A New Monetary Policy to Support the Local Currency

In a country where citizens traditionally keep their savings in US dollars, buy their homes and cars with them, Uruguay has decided to swim against the tide. The country in southern Latin America has started a clear path to reduce its reliance on the US dollar, a move that reflects not only internal calculations but also broader changes in the global monetary system. Central Bank of Uruguay President Guillermo Tolosa is leading a campaign to revive the local currency, the

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