International Reserves in Uruguay

Uruguay International Reserves | Economic News & Forecasts

Uruguay - International Reserves

As widely expected, the presidential elections on 27 October was a tight race. Daniel Martínez, the candidate of the ruling Broad Front party, won the first round with 40.7% of the votes but was short of the majority needed for an outright win. A second round will now be held on 24 November, in which Martínez will face Luis Lacalle Pou, the leader of the opposition National Party, who came in second with 29.7% of the votes. Despite diverging views between the two candidates over how to tackle the fiscal deficit problem and spur economic activity, economic policy continuity is expected irrespective of the second-round outcome, chiefly thanks to the need for consensus building in the government. The elections come against a backdrop of a seemingly more upbeat third quarter compared to the first half of the year. The industrial sector strengthened in July–August compared to Q2, while unemployment fell sharply in the same period, from June’s 12-year high. Moreover, merchandise exports surged in July–August, reflecting stronger soybean exports.

Uruguay - International Reserves Data

2013  2014  2015  2016  2017  
International Reserves (USD)16.3  17.8  15.6  13.4  16.0  

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Uruguay International Reserves Chart


Uruguay International Reserves
Note: International reserves in months of imports.
Source: Central Bank of Uruguay and FocusEconomics calculations.

Uruguay Facts

ValueChangeDate
Exchange Rate36.720.24 %Sep 04

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