MEXICO CITY - Mexican Finance Minister Arturo Herrera on Wednesday criticized a controversial bill proposed by the country’s ruling party that would force the central bank to buy foreign cash commercial banks are unable to return to the financial system.
However, the central bank castigated the bill, saying it was an affront to its independence, could force it to absorb money from drug gangs, and risked tarnishing Mexico’s reputation with international financial authorities. “If it’s really a problem of 0.7%, then we can resolve it using other mechanisms ... and not necessarily through making changes to the Bank of Mexico’s rules,” he said.Mexico’s economy is forecast to contract by almost 9% this year because of the impact of the coronavirus pandemic.
“In the year of greatest stress on public finances in the whole world, we’ve been able to stick to the net debt levels Congress approved in October last year when we didn’t even know about COVID-19,” Herrera said.
La reforma puede “obligar” al Banco de México a comprar dólares a bancos comerciales a un tipo de cambio muy por debajo del t/c spot, por ende deja a criterio de cada institución tomar dicha decisión, lo cual no podría ser productivo para varios bancos privados
In the age of crypto... people still wonder how to export a currency...
Aquí dirán los medios oficiales que son 'noticias falsas'.
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Your not gonna talk about cartels murdering it's citizens first?
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