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Peso Devaluation Debate Shakes Mexico Ahead of Elections
Mexico faces a wide debate over a possible peso devaluation after years of strong currency. Officials led by President Echeverria insist the peso will hold 12.5 per dollar, citing high reserves and oil exports, while economists warn inflation and a widening current account deficit threaten the balance of payments.
MENTIONED IN THIS ARTICLE
Mexico City
Mexico
Latin America
Luis Echeverria Alvarez
Fidel Velazquez
Finance
Industry and Commerce
Labor
Jose Lopez Portillo
Lopez Portillo
United States
Echeverria