Uruguay clamped heavy taxes on foreign exchange buys and introduced import restrictions in new government measures which came into effect on Thursday (9 December).
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Background: Uruguay clamped heavy taxes on foreign exchange buys and introduced import restrictions in new government measures which came into effect on Thursday (9 December).
A control bank circular imposed a 120 pose (half a dollar) surcharge per dollar of foreign money used to pay for imports. A government decree also ordered foreign exchange brokers, exchange houses and travel agencies to submit sworn declarations on their foreign money dealings over the past three years.