tag:blogger.com,1999:blog-1107999246590642245.post4958782206681785763..comments2023-08-16T07:35:01.997-06:00Comments on My Word is My Weapon: Capitalist Games Cause Peso CrashAnonymoushttp://www.blogger.com/profile/09516155062781508464noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-1107999246590642245.post-58912005993322019802008-10-22T22:04:00.000-05:002008-10-22T22:04:00.000-05:00Peso tanks again today; Bank of Mexico keeps on sp...Peso tanks again today; Bank of Mexico keeps on spending<BR/><BR/>The peso dropped to between 13.81 and 14 pesos to the dollar, a 50 centavo drop over yesterday.<BR/><BR/>On October 8 the Bank of Mexico spent USD$998 million in reserves in an attempt to bolster the peso. It announced that every day that the peso dropped more than 2% against the dollar, it would spend an additional USD$400 million. The Financial Times reports that the Bank of Mexico has so far spent USD$11 billion, or 13%, of its original $84 billion in reserves.Anonymoushttps://www.blogger.com/profile/09516155062781508464noreply@blogger.comtag:blogger.com,1999:blog-1107999246590642245.post-34884637894029269792008-10-22T19:11:00.000-05:002008-10-22T19:11:00.000-05:00heyreally good article man! congrats. its still ...hey<BR/><BR/>really good article man! congrats. its still not easy to fully understand but put into a little bit of perspective, i think i get it.Anonymoushttps://www.blogger.com/profile/11892063730893217447noreply@blogger.com