“We passed the test” after the instability reported yesterday in global financial markets, said President Andrés Manuel López Obrador. At the same time, he stressed that if he ends his six-year term without devaluation it will be “historic.”
Asked about yesterday’s session on international markets, the head of the Executive said: “We passed the test, because it was a global financial crisis.”
He indicated that yesterday the currencies and stock markets of most nations fell, but he added that in the case of Mexico today the dollar opened at 19.32 pesos per unit.
From the National Palace, the president warned that this economic crisis is a warning that the world economy is not doing well.
“We must be careful because this crisis, which occurred in the United States and then in Japan, is a warning that the world economy is not doing well, especially in the case of the major powers, and we must be very vigilant,” he stressed.
He stressed that the national economy was able to withstand the fall in the markets because “we do not have an unmanageable debt, tax collection is very good, the economy is strong.”
However, he added, the global economy is interconnected, and in the case of our country it is interconnected with the United States, so what happens in that nation affects ours and the entire world.
He reiterated that the Mexican peso has appreciated by 5 percent during his administration, making it the second strongest currency on a global scale against the US dollar, only after the Swiss franc.
“If we make it to the end of September without falling, it will be historic, like many other things that are historic: foreign investment, reserves of the Bank of Mexico, salary increases, unemployment, it is the lowest in decades and so on in many other things.”
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– 2024-08-07 12:30:31
