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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.

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Written byEduardo Avila

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