In the face of concerted and coordinated criticism, the Mexican government has pulled its proposed currency bill from Congress. But it may not be for long.
The decision, which came on December 15, saw the peso restart its climb against the dollar as investors reacted to the halt of an alarmingly bad piece of legislation.
However, despite the postponement of its debate, the bill remains on the official agenda for 2021.
If passed, the bill would infringe on the central bank’s independence, as well as damage the stability of the financial system.
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