NewzThe Central Bank of Uruguay reached a milestone on Monday, marking five years without intervention in the foreign exchange market. The institution’s last recorded activity in the currency market occurred in 2021, when it executed a purchase of 31.2 million dollars.
Guillermo Tolosa, president of the Central Bank, characterized the five-year period of non-intervention as a development of enormous importance for the country. The milestone reflects a sustained shift in the bank's monetary policy approach regarding currency market engagement.
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