Mexico to sell $52 million daily to stop peso slide

Mexico's central bank announced Wednesday that it will sell $52 million per day over the next three months to stop the peso from sliding further after the currency reached historic lowsMexico’s central bank announced it will sell $52 million per day over the next three months to stop the peso from sliding further after the currency reached historic lows. “The fundamental goal is to preserve the stability of the Mexican economy” and “ensure the order, the liquidity and the good functioning of the foreign exchange market,” Finance Minister Luis Videgaray said in a speech.

Share this article