Deposits in Uruguay by Argentines and other non-residents hit a five-year high

Non-resident deposits in Uruguay ended the quarter at US$3.5 billion, a high since the beginning of 2017.

RIO DE JANEIRO, BRAZIL - In Montevideo, it is often said that Uruguay's banks are the "petty cash" of many Argentines. It has always been said, but it is emphasized when uncertainty increases in Argentina.

Some of this seems to have been confirmed at the beginning of 2022. Non-resident deposits in Uruguay increased month . . .

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