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

Written byEduardo Avila
Posted 23 April 2007 18 years ago

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.

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Written byEduardo Avila

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