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Chapter 211 Peso officially devalued
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... ation of the Mexican peso.
Regarding the devaluation, the two sides have already reached a preliminary consensus, and now the focus of the discussion is on the extent of the depreciation. Experts from the Bank of Mexico believe that a 10% devaluation is a feasible solution, while officials from the Ministry of Finance and think tanks insist on a 7% depreciation. , for them, this range is within an acceptable range, because the gains from dollar capital investment can offset the losses due ...
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