🇺🇾 Anti-Corruption Success

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For as long as there has been a Latin America, there has been fraud.

Don't believe us? In the 1640s, nearly two centuries before Latin American independence, there was a massive financial fraud involving the quality and fineness of silver coins processed at the Mint of Potosí in modern-day Bolivia.

Local judicial and administrative officials partnered with mint assayers to purposefully overreport the amount of silver put into coins. The result was a global panic as prices increased while trade was wholly paralyzed in some parts of the world.

We bring up this story because, centuries later, corruption remains one of the most persistent problems facing Latin America. For much of the region, including autocracies like Nicaragua and Venezuela, as well as flawed democracies such as Honduras and Paraguay.

But then, there's Uruguay.

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