According to an analysis carried out by the economist Alberto González Karam, the current federal administration achieved an appreciation of the peso by 7.25 percent.
“They take from the precipice the exchange rate of 20.3455 pesos per dollar inherited at the end of the Peña-Nieto administration, at a level of 18.8694 pesos per dollar in the current federal public administration, which represents an appreciation of 7.25 percent,” González Karam described. .
He stressed that in a few months the Mexican peso became the most successful currency in the world.
He also explained that in the current federal public administration defends, strengthens and cares for the Mexican peso in accordance with the recommendations of James Tobin, by obtaining increases in international reserves to reach a level of 176 thousand 465 million dollars with higher assets that allowed the exchange rate of 20.3455 pesos per dollar inherited from the cliff at the end of Peña-Nieto’s six-year term, at a level of 18.8694 pesos per dollar in the current federal public administration, representing an appreciation of 7.25 percent and decreasing monetary liabilities for a large amount of -561 thousand 015 million pesos to become the most winning currency in the world.
The Mazatlan Post