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A marginal reserve requirement of 25 per cent for deposits in Uruguayan pesos, up from the current 20 percent, has been proposed by the central bank.
Since its start in 2009, the program s budget has been affected by sharp increases in construction costs and the appreciation of the Uruguayan peso against the US dollar.
Entry fees are higher than usual for this meeting, when three compact stands are in operation headed by the Palco Official - in effect, the club enclosure, costing 200 Uruguayan pesos (about pounds 7) for caballeros and half-price for damas.
Since Argentina ended official parity with the dollar early this year, its peso has depreciated to almost four to the dollar, a rate of depreciation many times that of the Brazilian real and the Chilean and Uruguayan pesos.
The government's projections of economic expansion in 2000 were pinned on the anticipated strengthening of the Uruguayan peso relative to the Euro and Brazilian real.
lower oil prices and the appreciation of the US dollar against the Uruguayan peso which have recently started to impact positively on operating costs;
4 million Uruguayan pesos from the Inter-American Development Bank (IDB), paving the way for one of Uruguay s leading microfinance institutions to expand access to financial services for as many as 25,000 microentrepreneurs who own small stores in periurban areas.
MONTEVIDEO, June 25 /PRNewswire/ -- The Republic of Uruguay, in accordance with the schedule of its offer launched on June 24, 2008 to holders outside the United States (the "International Offer") of 14 series of outstanding foreign currency external bonds of Uruguay (the "Eligible Bonds") to exchange those instruments for either Uruguayan Pesos UI Bonds due 2030 (the "2030 UI Bonds") or U.