Investing.com investing.com 31 Dec, 2020 03:15 am

Mexican finance minister picks holes in central bank cash bill By Reuters

Mexican finance minister picks holes in central bank cash bill By Reuters
Exclusive: Mexican finance minister picks holes in central bank cash bill

Mexico's Finance Minister Arturo Herrera attends an interview with Reuters, in Mexico City p By Stefanie Eschenbacher and Anthony Esposito MEXICO CITY (Reuters) - Mexican Finance Minister Arturo Herrera on Wednesday criticized a controversial bill proposed by the country's ruling party that would force the central bank to buy foreign cash commercial banks are unable to return to the financial system.However, the central bank castigated the bill, saying it was an affront to its independence, could force it to absorb money from drug gangs, and risked tarnishing Mexico's reputation with international financial authorities."This change would only transfer the problem commercial banks have to the central bank because the central bank would have the same problem: how to export dollars," Herrera told Reuters in an interview in the finance ministry offices.BOK chief says will maintain easy policy until stable recovery seen in 2021 p SEOUL (Reuters) - South Korea's central bank chief said on Thursday that monetary policy will remain accommodative for some time, given the high uncertainties stemming from the.

Herrera said while the law may have been well intentioned, it was not going to help fix the problem, providing some of the strongest pushback yet from the government on the initiative.Herrera said 99.

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