Uruguay’s Central Bank (BCU) has approved new regulations requiring banks to warn customers saving in US dollars about the risks associated with exchange rate fluctuations. The move aims to increase transparency for individuals holding dollar-denominated savings. Banks will now be obligated to inform clients about the potential for losses should the peso appreciate against the dollar. This regulation reflects the BCU’s concern regarding citizens’ preference for dollarizing their savings amidst economic uncertainty. Authorities hope the warnings will encourage a more informed understanding of the financial implications of choosing dollar savings. The BCU believes this initiative promotes financial stability by managing expectations around currency risk. This measure is being implemented immediately, with banks expected to begin issuing these warnings to customers soon.