Uruguay's central bank to begin deposit return

URUGUAY - Uruguay's government will begin returning deposits on Wednesday to clients of suspended banks Banco Montevideo, Caja Obrera, Comercial and de Credito, the central bank said in a statement.

The banks saw their operations suspended in the first week of August after contagion from crisis-ridden Argentina and local banking scandals sparked a run on deposits in Uruguay. The financial system has begun to slowly recover after the IMF and the US granted Uruguay a US$1.5bn bridge loan last week

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

Geoeconomic reserve management

The world order is evolving. Whether, and how, the international economy remains integrated or shifts into spheres of influence has consequences for central bank policy and reserve management.

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.