Santander Bank’s General Manager, Gustavo Trelles, recently discussed Uruguay’s efforts to reduce reliance on the US dollar in an interview with El País. Trelles characterized the move, spearheaded by the Central Bank of Uruguay (BCU), as a long-term cultural shift rooted in decades of public distrust of the local currency. He emphasized that a rapid transition away from the dollar is unrealistic, as citizens will continue to choose where they feel their savings are safest. Trelles did not address potential accountability should the initiative falter. He suggested allowing individuals the freedom to save in their preferred currency is crucial for public acceptance. The comments highlight the complexities of altering established financial habits and the importance of public confidence in any currency reform. The interview offers insight into the banking sector’s perspective on the BCU’s monetary policy.