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Free AccessFinance Minister Concerned Over Banxico Bill, AMLO Optimistic For 2021
Potential further problems regarding the Banxico Bill may still arise:
Mexican Fin Min Herrera on Wednesday criticized a divisive bill proposed by the country's ruling party that would force the central bank to buy foreign cash commercial banks are unable to return to the financial system.
"This change would only transfer the problem commercial banks have to the central bank because the central bank would have the same problem: how to export dollars," Herrera told Reuters.
Separately, asked during a regular news conference how confident he was heading into 2021, when Mexico holds legislative elections in June, AMLO said he was optimistic. He then asked aides to project an ongoing survey of 13 world leaders' approval ratings. AMLO is currently ranked second behind India's Modi in terms of net approval rating.
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.