The Uruguayan peso sharply weakened on foreign exchange markets soon after this nation announced it could no longer maintain the currency controls, setting off skittishness on foreign exchange markets.
12.
For the fiscal year ending Dec 31, 2011 Antel had revenues of u $ s 899, 361, 905 ( 17, 897, 790, 000 Uruguayan pesos ).
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In recent months, the Central Bank has been letting the Uruguayan peso devalue by 2.4 percent a month to help keep exports competitive against neighboring Argentina's plummeting currency.
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Before the announcement, the Uruguayan peso was trading Wednesday in a narrow band at a buy rate of 16.6 and a sell rate of 17.6 against the dollar.
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He has also promised to pay interest due on the foreign debt, not to devalue the Uruguayan peso, and not touch bank secrecy laws that have helped make Montevideo a regional financial center.
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Brazilian markets have also been rattled by the collapse of the Argentine economy and by Uruguay's decision last Thursday to give up trying to keep the Uruguayan peso from sinking rapidly in value.
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Antonio Marquez, a public worker and father of two, said his dollar-denominated debt is now out of reach, thanks to the bank restrictions and a devaluation of the Uruguayan peso.
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In Uruguay, where the flagging Uruguayan peso lost more than 50 percent of its value against the U . S . dollar last year, consumer prices have risen 25 percent, the government said last week.
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Half of the building was intended for the reactor, manufactured by Lockheed Nuclear Products of Marietta ( Georgia ), purchased with a state investment of two million Uruguayan pesos of that time, including installation costs.
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In July 2011 the government announced that Uruguay was soon to enter Phase 1 of an evaluation of nuclear energy, providing 10 million Uruguayan pesos from the national budget to hire specialist advisers, consulting the population and reviewing the human resources and technology available.
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