Regulatory Alerts2023-07-20
Added · Updated
Remuneration of Reserves in National and Foreign Currency
The Central Bank of Uruguay establishes new remuneration rules for reserve deposits effective August 1, 2023. National currency reserves are remunerated at 60% of the Monetary Policy Rate, while foreign currency reserves and excess balances in foreign currency current accounts are remunerated at the Monetary Policy Rate minus 0.50%. These measures repeal Resolution D/108/2022 and Communication N° 2020/0290.
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