{"id":90084,"date":"2023-03-31T22:21:06","date_gmt":"2023-03-31T22:21:06","guid":{"rendered":"https:\/\/showbizztoday.com\/index.php\/2023\/03\/31\/cheap-dollar-in-uruguay-for-the-rural-sector-there-is-an-exchange-rate-delay-of-25\/"},"modified":"2023-03-31T22:21:06","modified_gmt":"2023-03-31T22:21:06","slug":"cheap-greenback-in-uruguay-for-the-agricultural-sector-theres-an-change-charge-delay-of-25","status":"publish","type":"post","link":"https:\/\/showbizztoday.com\/index.php\/2023\/03\/31\/cheap-greenback-in-uruguay-for-the-agricultural-sector-theres-an-change-charge-delay-of-25\/","title":{"rendered":"Cheap greenback in Uruguay? For the agricultural sector, there&#8217;s an change charge delay of 25%"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div>\n<div data-advadstrackid=\"449249\" data-advadstrackbid=\"1\" class=\"rioti-target\" id=\"rioti-223021150\"><a href=\"http:\/\/portugaladvisory.com\/\" rel=\"noopener\" class=\"adv-link\" target=\"_blank\"><img loading=\"lazy\" decoding=\"async\" alt=\", Cheap dollar in Uruguay? For the rural sector, there is an exchange rate delay of 25%\" width=\"800\" height=\"90\" src=\"http:\/\/www.riotimesonline.com\/wp-content\/uploads\/2021\/09\/Porugal-Advisory-Banner_1.jpg\" class=\"lazyload\" bad-src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\"\/><noscript><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/www.riotimesonline.com\/wp-content\/uploads\/2021\/09\/Porugal-Advisory-Banner_1.jpg\" alt=\", Cheap dollar in Uruguay? For the rural sector, there is an exchange rate delay of 25%\" width=\"800\" height=\"90\"\/><\/noscript> <\/a><\/div>\n<p>The greenback in Uruguay at present prices 13.2% greater than it did on the finish of 2021.<\/p>\n<p>Just a few weeks in the past, the Minister of Economy requested financial brokers to demand extra {dollars} in order that the change charge doesn&#8217;t recognize.<\/p>\n<p>But the scenario will not be solely worrying the Government but additionally the non-public sector, and the countryside is already beginning to discuss change charge backwardness.<\/p>\n<figure id=\"attachment_473717\" aria-describedby=\"caption-attachment-473717\" style=\"width: 838px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" alt=\", Cheap dollar in Uruguay? For the rural sector, there is an exchange rate delay of 25%\" width=\"838\" height=\"447\" srcset=\"http:\/\/www.riotimesonline.com\/wp-content\/uploads\/2023\/03\/dolar-uruguay.png 838w, http:\/\/www.riotimesonline.com\/wp-content\/uploads\/2023\/03\/dolar-uruguay-300x160.png 300w, http:\/\/www.riotimesonline.com\/wp-content\/uploads\/2023\/03\/dolar-uruguay-768x410.png 768w, http:\/\/www.riotimesonline.com\/wp-content\/uploads\/2023\/03\/dolar-uruguay-696x371.png 696w\" src=\"http:\/\/www.riotimesonline.com\/wp-content\/uploads\/2023\/03\/dolar-uruguay.png\" data-sizes=\"(max-width: 838px) 100vw, 838px\" class=\"wp-image-473717 size-full lazyload\" bad-src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\"\/><noscript><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-473717 size-full\" src=\"http:\/\/www.riotimesonline.com\/wp-content\/uploads\/2023\/03\/dolar-uruguay.png\" alt=\", Cheap dollar in Uruguay? For the rural sector, there is an exchange rate delay of 25%\" width=\"838\" height=\"447\" srcset=\"http:\/\/www.riotimesonline.com\/wp-content\/uploads\/2023\/03\/dolar-uruguay.png 838w, http:\/\/www.riotimesonline.com\/wp-content\/uploads\/2023\/03\/dolar-uruguay-300x160.png 300w, http:\/\/www.riotimesonline.com\/wp-content\/uploads\/2023\/03\/dolar-uruguay-768x410.png 768w, http:\/\/www.riotimesonline.com\/wp-content\/uploads\/2023\/03\/dolar-uruguay-696x371.png 696w\" sizes=\"auto, (max-width: 838px) 100vw, 838px\"\/><\/noscript><figcaption id=\"caption-attachment-473717\" class=\"wp-caption-text\">The authorities argue that there&#8217;s an extra of {dollars} available in the market, which might trigger the greenback charge to be so low (Photo web replica)<\/figcaption><\/figure>\n<p>This is what Gonzalo Vald\u00e9s Requena, president of the Rural Association of Uruguay (ARU), stated just a few days in the past in an interview granted to La Ma\u00f1ana.<\/p>\n<p>The farmer stated the scenario \u201ccomplicates the competitiveness of the whole sector.\u201d<\/p>\n<p>WHAT DID GONZALO VALD\u00c9S REQUENA SAY?<\/p>\n<p>Vald\u00e9s Requena defined that he began assembly with the <a href=\"https:\/\/www.riotimesonline.com\/brazil-news\/rio-business\/uruguays-formula-to-raise-rates-without-causing-risk-to-economy-says-central-bank\/\" target=\"_blank\" rel=\"noopener\">Central Bank of Uruguay (BCU)<\/a> in June 2022.<\/p>\n<p>\u201cWe already saw a deviation of the quotation.\u201d<\/p>\n<p>\u201cAt that time, we were told that the dollar was in its fundamentals.\u201d<\/p>\n<p>\u201cSubsequently, when we saw that the situation continued to worsen, we met with them again, in December, the president of the BCU, Diego Labat, and the Minister of Economy, Azucena Arbeleche.\u201d<\/p>\n<p>\u201cWe raised our concern with them, and they understand it; they know what it means for the export sector,\u201d he stated.<\/p>\n<p>The farmer defined that the authorities argue that there&#8217;s an extra of {dollars} available in the market, which might trigger the greenback charge to be so low.<\/p>\n<p>\u201cWe estimate that the dollar should be 25% above the current rate.\u201d<\/p>\n<p>He additionally acknowledged that the nation is struggling a lack of competitiveness and that, on the stage of producers, the drop in buying energy has been very massive.<\/p>\n<p>\u201cThat is to say, you have to calculate that 25% deviation in the backwardness plus inflation, and you realize that, with that number, the purchasing power of those of us who have to sell dollars has been greatly reduced.\u201d<\/p>\n<p>On the opposite hand, he assured that the <a href=\"https:\/\/www.riotimesonline.com\/brazil-news\/mercosur\/uruguay\/uruguay-imports-brazilian-energy-due-to-drought\/\" target=\"_blank\" rel=\"noopener\">drought<\/a> is hitting \u201cvery hard, at historical levels that have not been seen for many years.\u201d<\/p>\n<p>\u201cThe damage is significant.\u201d<\/p>\n<\/div>\n<p>[ad_2]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] The greenback in Uruguay at present prices 13.2% greater than it did on the finish of 2021. Just a few weeks in the past, the Minister of Economy requested financial brokers to demand extra {dollars} in order that the change charge doesn&#8217;t recognize. But the scenario will not be solely worrying the Government but [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":90086,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[32],"tags":[],"class_list":{"0":"post-90084","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-nightlife"},"_links":{"self":[{"href":"https:\/\/showbizztoday.com\/index.php\/wp-json\/wp\/v2\/posts\/90084","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/showbizztoday.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/showbizztoday.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/showbizztoday.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/showbizztoday.com\/index.php\/wp-json\/wp\/v2\/comments?post=90084"}],"version-history":[{"count":0,"href":"https:\/\/showbizztoday.com\/index.php\/wp-json\/wp\/v2\/posts\/90084\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/showbizztoday.com\/index.php\/wp-json\/wp\/v2\/media\/90086"}],"wp:attachment":[{"href":"https:\/\/showbizztoday.com\/index.php\/wp-json\/wp\/v2\/media?parent=90084"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/showbizztoday.com\/index.php\/wp-json\/wp\/v2\/categories?post=90084"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/showbizztoday.com\/index.php\/wp-json\/wp\/v2\/tags?post=90084"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}