Central Banks

Latin American Central Banker Starts Crusade Against the Dollar

President of the Central Bank of Uruguay Guillermo Tolosa — President of the Central Bank of Uruguay Guillermo Tolosa
Photographer: Ana Ferreira/Bloomberg

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December 26, 2025 at 1:43 PM UTC

Lea en español

Uruguay’s central bank chief wants to convince savers in one of Latin America’s most dollarized nations that their love affair with the US currency is bad for both the economy and their pocketbooks.