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Economy & Business - June 2011 (ISSN 1741-7430)

URUGUAY: The problems of the strong peso

The peso looks as though it will break through Ur$18.50 to the dollar. Arguably the strength of the peso is not distorting the economy because so much of the country's trade is with Brazil, where the Real has also been rising against the dollar so the cross-rate (Ur$ to Real) ha remained steady at around Ur$11.55 to the Real.

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