The controversy surrounding the price that the dollar in Uruguay does not give in and now it was the industrialists who proposed an acceptable value to leave behind the exchange rate delay and its impact on the export and productive sectors.
Fernando Pachepresident of the Chamber of Industries of Uruguay (CIU), He assured that the dollar should be “around 45 pesos” to improve competitive conditions.
“Finished products arrive with a low exchange rate, which does nothing other than encourage imports. In turn, other countries, neighbors and those outside the region, surely have other minor costs, in addition to having the main cost, which is the economy of scale. The great production that countries with many millions of inhabitants may have, we do not have,” he told Telemundo when referring to the costs in dollars paid by Uruguayan industrialists.
He dollar low, which depreciated 3.38% in March and fell to the range of 37 pesos, harms not only exporters but also the industry aimed at the local market, Pache warned.
Although the CIU accompanies the fight against inflation that the government has carried out through the monetary policy of the Central Bank (BCU)the union leader considered that it is time to find a balance between price control and a competitive exchange rate.
“There should not be at this moment, due to supply in the market and productive capacity, a generation of instantaneous inflation because the costs of everything are going to increase, in that sense, and in all sectors,” Pache added.
Last week, the president Luis Lacalle Pou tried to settle the controversy by exchange delay in a meeting with businessmen in which he assured that “the dollar “It’s where it needs to be.”
Days before, the ruralistas grouped in the Rural Federation They had set an optimal value for the exchange rate, placing it at 58 pesos, something that, for the Minister of Livestock, Agriculture and Fisheries, Fernando Mattos“it would not be reasonable.”
Source: Ambito
