Word: pesos
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Dates: during 1990-1999
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...peso rose 15 percent today, recovering from a chaotic week in which the Mexican currency lost more than a third of its value against other currencies. The gains came as a delegation from the International Monetary Fund arrived in Mexico City to review the country's precarious financial condition amid growing concern about the Mexican government's unwillingness to prop up the peso. But the market was also encouraged by word today from Southern Mexico that Indian rebels there are ready to resume negotiations with the government...
While they now live modestly on Baldomero's 300-peso-a-month pension (just over $3), Maria claims they long ago "learned to scale back for the benefit of the country." Her husband expounds on a widespread theory: young Cubans who never experienced American capitalism are far more eager to put to sea in its pursuit than their parents, who knew capitalism's dark side firsthand. "They see pictures of their relatives in Miami with late-model cars and Seiko watches and Levi's," he says, "and they are tricked into thinking Cuba's problems are internal and salvation lies...
...will fan U.S. inflation by raising the price of imported goods and the American- made products that compete against them. But the U.S. imports more from Canada and Mexico than from Germany and Japan, and the American currency has actually risen against the Canadian dollar and the Mexican peso. A further rise in interest rates might hurt the U.S. economy, by making consumer purchases and business investments more costly to finance, much more than it would help by restraining import inflation...
Salinas also halted trading on the Mexican stock exchange and closed banks for a day, hoping to restore investors' confidence. Washington offered a $6 billion line of credit to support the peso. "Fundamentally," Bill Clinton said, "I think they are in sound shape." When Mexico City's market reopened Friday, the stock index -- which has been volatile all year -- initially plunged 100 points but recovered to a loss of less than 1%. "We'll see several weeks of turbulence," predicts Ernesto Cervera, an analyst at a Mexico City consulting firm. Some experts say the market may be unsettled until...
Camacho infuriated much of the P.R.I. by using his position in the peacemaking spotlight to hint that he might make an independent run for the presidency. Uncertainty over his spoiler potential had ruffled the stock market and shaken the peso. Only last Tuesday, the day before Colosio was murdered, did the ex-mayor finally announce he would stick to the peace talks rather than run. But he had already made life difficult for Colosio by focusing attention on the government's failure to provide basic services for the poorest parts of the country and putting pressure on the candidate...