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The hedges allow Uruguay peace of mind, like insurance, so they aren't exposed to spikes in the price of oil given the volatility we've seen, other countries are also looking at the market and we might end up doing other (commodity) transactions.

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    Quiz

    Are you a quotes master?

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    "I'd rather be hated for who I am, than loved for who I am not."
    A Franklin Pierce
    B Michael Jackson
    C Kurt Cobain
    D Vincent van Gogh