Mexico promises to auction U.S. $400 million in foreign currency EVERY DAY - Instablogs
Mexico promises to auction U.S. $400 million in foreign currency EVERY DAY
Oscar , Oaxaca: Oct 16 2008
Made Popular Oct 16 2008
Mexico :
Mexico’s central bank says it has auctioned off another US$400 million in foreign currency reserves, Wednesday morning, in a continuing effort to prop up the battered peso.
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Tags: Mexico, economic crisis, Politics & Society, Mexico
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Seth
2 Stars
Seth Oct 16 2008
Monterrey, Mexico
finally the dollar went down!
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(Local Perspectives)
Oscar
2 Stars
Oscar Oct 16 2008
Oaxaca, Mexico
where have you been? It’s up again.. not drastically, but it isn’t stabalizing like it was thought to happen after the first three auctions.
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(Local Perspectives)
Eva
1 Stars
Eva Oct 16 2008
HARLINGEN, United States
How long can Mexico really continue to sell that kind or currency? Will it be able to correct the peso?
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(Global Perspectives)
Oscar
2 Stars
Oscar Oct 16 2008
Oaxaca, Mexico
Good questions. I guess only time will tell.
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(Local Perspectives)
Oscar
1 Stars
Oscar Oct 16 2008
Oaxaca, Mexico
For everyones sake, I hope it works.
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(Local Perspectives)
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