Tuesday, May 10, 2011

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deposits in pesos and dollars. DGI

Central Bank of Uruguay.

short-term assets issued by the Central Bank of Uruguay increased more in dollars than pesos, reflecting the depreciation of the dollar.

According to the consolidated cash balance ended March 2011 compared to a year ago, stocks rose in pesos 5.5% over the previous twelve months, while dollar-based increase was 6.9%.

The return disclosed yesterday by the monetary authorities realized that by March this year the short-term external assets of the entity that had totaled $ 310,706,000 compared with $ 294,503 in March last year.

But these figures translated into U.S. dollars in the third month of 2011 the stock of this item was U $ S 16.189 million, compared to U $ S 15,140 million estimated for the same purpose in March 2010.

The return of the monetary authority realized also that the net domestic credit in March was $ 114,812,000, compared to $ 79,434,000 March 2010.

Another area that was entered in the balance was to the issuance of bills of currency regulation, whose commitments grew 9% in the same month one year to another, and that of the $ 65.839 million committed in March 2010, came to $ 71,792 million in the same month this year.

deposits.

Another relevant fact in the balance sheet was released on the eve of the deposits in foreign currency.

According to official data, the dollar settled deposits grew 10% as it passed the $ 258,294,000 in March 2010 to $ 296.527 million in March 2011.

As for and savings in local currency terms grew in the same period a 33.44%, from the $ 38.335 million in March last year, to $ 51.156 million the same month this year.

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