Uruguay weighs up currency options ahead of bond return

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Uruguay weighs up currency options ahead of bond return

Uruguay, Montevideo, presidents, election, Luis Lacalle Pou, Tabare Vasquez, LatAm, 575
(200302) -- MONTEVIDEO, March 2, 2020 (Xinhua) -- Uruguay's new President Luis Lacalle Pou (L) smiles after receiving the presidential sash from outgoing Uruguayan President Tabare Vazquez during his inauguration ceremony, in Montevideo, Uruguay, on March 1, 2020. Luis Lacalle Pou of the National Party (PN) was sworn in on Sunday as the president of Uruguay for the period of 2020-2025. (Photo by Nicolas Celaya/Xinhua) | NICOLAS CELAYA/Xinhua News Agency/PA Images

Bankers said that Uruguay could provide a stern test of risk appetite if it decides to announce a new bond issue in local currency, after the sovereign began investor calls saying it could issue in dollars and/or Uruguayan pesos.

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