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Mexico: What's the Reason for the Stable Exchange Rate?

Posted 23 April 2007 22:38 GMT

Boz notices that the currency exchange of Mexico peso to the US dollar has remained stable during the past two years at a rate of 11 to 1. He wonders whether this is an unofficial policy set by the Central bank or if there is some other explanation.

Creative Commons License
Written byEduardo Avila

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