President Andrés Manuel López Obrador (AMLO) assured what when his six-year term ends There will not be a devaluation of the Mexican peso.
During the presentation of the “Evaluation of the Youth Building the Future program“, in New Leon, AMLO He even made a comparison of other governments, once his government concludes with the Mexican peso.
It should be remembered that the Mexican peso was named as “super weight” after registering a alza in his value of almost 13% against the US dollar last year.
This 2024, after the first half of the year, the Mexican currency seeks to have its space in the world markets.
AMLO assures that for the first time in 50 years the Mexican peso will not be devalued at the end of a six-year term
In front of supporters in Nuevo Leon, AMLO assured that once conclude his six-year term next September 30th, will not end with a devaluation of the Mexican peso.
He even compared himself to other former presidents who, for the past 50 years, have seen a devaluation of the Mexican peso at the end of each six-year term.
Some of the names of the former presidents where there was a devaluation of the Mexican peso that AMLO pointed out were:
- Luis Echeverria (1970-1976)
- Jose Lopez Portillo (1976-1982)
- Miguel de la Madrid (1982-1988)
- Carlos Salinas de Gortari (1988-1994)
- Ernesto Zedillo (1994-2000)
- Vicente Fox (2000-2006)
- Felipe Calderon (2006-2012)
- Enrique Peña Nieto (2012-2018)
“For more than 50 years, year after year, six-year term after six-year term, the peso was devalued. In this six-year term, no! For the first time in 50 years, the peso was strengthened.”
AMLO
So the next October 1stonce that Claudia Sheinbaum Pardo, take possession like the first female president of Mexico In more than 200 years of history, A devaluation of the Mexican currency is not expected.
How is the Mexican peso against the dollar today, August 18?
It is Sunday, August 18 he Mexican peso against the dollar seems to continue to recover in international markets.
When the markets opened, the value of the Mexican peso against the dollar was 18.63 unitsan amount that has remained constant throughout the day on average.
For the 09:52 hours (UTC) the Mexican peso is at 18.64 units against the dollarwhich shows that it is on the road to recovery.
Mexican peso today August 18 against the dollar (Courtesy)
The above despite the “Black Monday“which hit markets around the world, including the Mexican peso which has been gaining ground.
2024-08-19 13:37:09