Word: pesos
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Dates: during 1990-1999
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...Punta Diamante, a resort in the state of Guerrero that many investigators believe is financed with drug money. It is also widely assumed that drug traffickers who fiddled with Mexico's financial markets were responsible for some of the capital flight last year that hastened the collapse of the peso. By channeling huge sums into legitimate investments that are integral to the nation's economic health, the drug lords have woven themselves into the fabric of the country...
...trade deficit soared to a record $12.23 billion for January, clearly a result of Mexico's economic woes. The devalued peso has reduced Mexico's imports 10%. Some analysts predict a $15 billion trade imbalance by year...
...marks in 1985); so far this year, the dollar has skidded 9% against both the yen and the mark. But the dollar's troubles were only part of the turmoil: the British pound, the French franc and the Italian lira also tumbled, and the Mexican peso resumed its free fall until the country's harsh new austerity plan led to a rebound. On top of that, governments were forced to devalue the Spanish peseta, the Portuguese escudo and the Brazilian real...
...DOLLAR The greenback does an uncanny impression of the peso...
...timing, a President battered since he took office for his management of the economic crisis has found a way to shake up the party that has ruled Mexico for 66 years, helped break its history of high-handed rule and improved his own image. Although the revelations sent the peso skidding to an all-time low on Friday, Zedillo's willingness to back the inquiry is proving popular with Mexicans long skeptical that promises of reform will ever be fulfilled. In a poll published on Thursday, 68% said they trust Zedillo more now that Raul Salinas is in jail...