Diego Labat, Central Bank Governor of Uruguay, poses for a picture during an interview with Reuters, in Montevideo, Uruguay September 8, 2023. REUTERS/Lucinda Elliott/File Photo Acquire Licensing RightsMONTEVIDEO, Sept 18 (Reuters) - Diego Labat, Uruguay's central bank chief, is sitting pretty. "A problem in Argentina back then was a problem in Uruguay," Labat said. Argentina's net central bank reserves are also estimated to be in the red, hurting its ability to make payments as it battles to keep a $44 billion International Monetary Fund (IMF) program alive. Total non-resident deposits have fallen to 8%, from a peak of 41.5% in 2001, central bank data show.

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Persons: Diego Labat, Lucinda Elliott, Labat, Uruguay's, That's, Adam Jourdan, David Holmes Organizations: Central Bank Governor, Reuters, REUTERS, Rights, European Union, Monetary Fund, Reuters Graphics, JPMorgan, Thomson Locations: Uruguay, Montevideo, Rights MONTEVIDEO, Uruguay's, de La Plata, Buenos Aires, Argentina, China, Brazil, Chile, America