Tag Archives: uruguay

Brazil, Uruguay move away from US dollar in trade

USD dollar

Brazil and Uruguay have switched to settling bilateral trade with local currency to stimulate turnover, bypassing the US dollar. Payments in the Brazilian real and Uruguayan peso started on Monday. The agreement was signed on November 2 by the head of Brazilian Central Bank Alexandro Tombini and his Uruguayan counterpart Alberto Grana. Both countries believe such a move would strengthen ... Read More »

Uruguay becomes first country to legalize marijuana nationwide

Uruguay Marijuana

Marijuana advocates across Uruguay are in celebration as they became the first country in the world to legalize the sale and production of marijuana nationwide. While critics are angry to see the continued chipping away of their failed War on Drugs, Uruguay’s leaders believe it’s a positive move to end the violence and crime connected to prohibition there. “I think it’s a ... Read More »

The world’s ‘poorest’ president

jose mujica

President of Uruguay, Jose Mujica It’s a common grumble that politicians’ lifestyles are far removed from those of their electorate. Not so in Uruguay. Meet the president who lives on a ramshackle farm and gives away most of his pay. Laundry is strung outside the house. The water comes from a well in a yard, overgrown with weeds. Only two ... Read More »

Uruguay unveils plans to allow government to sell marijuana

marijuana leaf

Uruguay’s national government has said it plans to send a bill to Congress that would allow it to sell marijuana, making it the first country in the world to do so. Under the plan, only the government would be allowed to sell marijuana and only to adults who register on a government database when buying the drug to keep track ... Read More »