Argentines deposit their savings in Uruguay

Uruguayan sources have confirmed that Argentine deposits has increased in this country, despite the measures to prevent capital flight from Argentina.

The Uruguayan Central Bank said that 70% of the ‘foreigners’ bank deposits  are Argentines, which have increased to $60 million in April. It is estimated that more than $2,565 million from Argentina were deposited in financial institutions in Uruguay.

This is caused by the fear generated  by the currency exchange between savers which continues to promote the capital flight from the country. Last week, Argentine banks limited withdrawals of dollars abroad with credit cards to a $100 per trimester in neighboring countries and $800 per month in the rest of the world.