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Mexico's central bank is set to announce Monday that it will lend money to local banks that can't find U.S. financial institutions to take their stashes of bulk cash in dollars, according to a draft of a statement seen by Bloomberg News.
- Finance officials are set to present the plan as an alternate solution to the previous bill passed by Mexico's Senate.
- The central bank declined to comment on the new measures. As the statement is still in draft form, final details could change.