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Sky-blue dollar is born in Argentina: accounts are opened in Uruguay to transfer money to the U.S.

RIO DE JANEIRO, BRAZIL - With the structure in place, several companies are setting up their financial offices in Uruguay to boost private banking, and thus being able to triangulate and open accounts in the U.S. Hence, the "sky-blue" dollar is born. [Uruguay's national soccer team is known as the "celelste" (sky blue) after the color of its uniform.]


Puente has had a subsidiary in Uruguay for almost 10 years where it serves local and regional clients (individuals, companies and institutions), while in Paraguay it has been operating for over 5 years.

Allaria, Alchemy and . . .

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