In dialogue with Radio Carve, the mayor of Paysandú, Nicolas Olivera He referred to the current situation suffered by Uruguayan businesses in the face of the exchange gap compared to the Argentine currency. The mayor regretted the uncertainty suffered by the neighboring country, a feeling that is carried over to the Uruguay.
Regarding the forecasts about what will happen with the neighboring country and, consequently, in the Uruguayan economy, which is greatly affected by the exchange rate difference, Olive established that “not even the president of Argentina “You must know what is coming.”
“Experts told me that the current situation is very complex because the exchange difference “It’s abysmal,” he lamented and assured that people not only cross to buy merchandise, but also take the opportunity to load fuel and access services much cheaper.
The mayor assured that “it is inevitable” that Argentina is going to devalue until the official exchange rate and the parallel – commonly called the blue dollar – begin to pair up. “This will lead to prices becoming more honest and, as this process is carried out, things will begin to even out,” explained Olivera.
The politician explained that the services and premises that suffer the most within Paysandu They are those of opticians and pharmacies, as well as other services. In that sense, it was regretted that, although there have not been many business closures, merchants are struggling to improve their economic situation.
The exchange rate difference with Argentina generates different complications
The effect of exchange difference with Argentina It is felt in various areas of the country. On the one hand, it negatively affects company sales, while it also discourages consumption internal and also causes a decrease in the collection.
The impact on the perception of DGI was admitted months ago by the Minister of Economy and Finance, Azucena Arbeleche, who maintained that “Uruguayan purchases in Argentina harm the growth and tax collection of Uruguay”, while recognizing that “the budget’s consumption and tax collection projections incorporate consumer spending in Argentina”.
In turn, a report of Exante indicated that, of the 3% growth of internal consumption that will occur in 2023, half will be carried out in neighboring countries, with the Argentina at the head among the chosen destinations.
Source: Ambito
