In July 2012, the Central Government announced an issuance program for the next six months for the domestic market. The main objectives of the Program are to improve efficiency in local market and secondary market activity in government securities.
The Central Government will restart its issuances in the domestic market in local currency to further improve the local debt market consistent with the Financial Strategy present in the Annual Budget Law (?Rendición de Cuentas?).
The Central Government issued in local currency the equivalent to USD 826million in the domestic market in order to strengthen the Treasury?
In December 2011, Uruguay launched a liability management transaction designed to deepen the de-dollarization path of the Central Government debt, to create a new UI benchmark bond
