International Monetary Fund

Anonymous

International Organization, 1950, vol. 4, issue 1, 132-133

Abstract: Exchange Rates: It was announced on October 6, 1949 that the government of Uruguay had consulted with the Fund and proposed the following modifications in its exchange rates: 1) for the export of meat, wool, linseed and wheat, 1.519 pesos per dollar; 2) for the export of oils, dry and salted hides and skins, and packing house products, 1.78 pesos per dollar; 3) for the export of woolen yarns, its by-products, tanned leather and its manufacturers, 2.35 pesos per dollar; and 4) for general imports, 1.90 pesos per dollar and for imports of luxuries and non-essentials, 2.45 pesos per dollar. The Fund accepted these changes with the understanding that consultation with the Fund would continue in order to unify the rate and to agree on a par value.

Date: 1950
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