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Chapter 211 Peso officially devalued
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Chapter 213 free float
PREVIEW
... ate at night, even those who have been following Mexico for a long time did not expect that the Mexican government, which still has more than 20 billion US dollars in foreign exchange reserves, would suddenly announce a depreciation, even though the fundamentals of the Mexican economy were not so good before.
Reuters reported that the Mexican government announced the devaluation of the peso, while the Mexican stock market was suspended for a day to give investors time to react. It is be ...
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