Word: pesos
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...Marcos was taking too long," Buchanan says. "The government thought that they could do away with the Zapatista movement in 72 hours, and that decisive action would make the stock market rally. Quite plainly, it didn't work." Making matters worse, he says, was another fall in the peso's value today...
Clinton Rescues the Peso...
...PESO 90-lb. weakling of world currency revived by Clinton bailout...
Clinton Rescues the Peso...
...economic turmoil, but the recent events are very far from being catastrophic [Jan. 23]. The country should never again overvalue its currency and create huge trade deficits, leaving it vulnerable to internal and external forces. However, we should never give in to pessimism. The overvaluation of the Mexican peso has been eliminated, and this step will provide badly needed oxygen for Mexican industry. Inflation will go down again, the exchange rate with the dollar will be adjusted, and Mexican shares will climb to their fair value. The prophets of gloom will once more be proved wrong, because the underpinnings...