The Mexican peso is plunging (down over 1% today) to its weakest against the dollar since March after a former deputy in the ruling party in Mexico was arrested as part of a graft inquiry.
As Bloomberg reports, political uncertainty continued to weigh on the most-traded currency in emerging markets.
A deepening graft investigation involving Alejandro Gutierrez, a former deputy of sitting President Enrique Pena Nieto could imperil his party’s chances in the coming July elections. An ongoing scandal could also bolster the prospects of leftist rival Andres Manuel Lopez Obrador.
Continue reading Peso Plunges To 9-Month Lows As Corruption Probe Spreads
[7/12/17 SABRINA MARTÍN] The cataclysmic devaluation of the bolivar in Venezuela and the brutal repression in the South American country now go hand in hand; state security agencies are increasingly demanding bribes in relatively strong Colombian pesos to release unjustly detained protesters.
It is already public knowledge that the Bolivarian National Guard (GNB) and the Bolivarian National Police (PNB) take advantage of opposition protests to arrest innocent young people, torture them, and then request bribes of between USD $500 and USD $1,000 to free them; however, in border states they are also increasingly charging such payments in Colombian pesos.
Continue reading Venezuela’s Currency Is So Devalued that Cops Are Demanding Bribes in Colombian Pesos
The “FEDERAL RESERVE NOTE”s are so “STRONG” that rather than be destroyed, the notes -via the Powers That Were- are destroying national OLD WORLD corporate/religious debt-currencies?
Where are these GESARA/NESARA resets? Is total destruction of fiat currency necessary for the global currency reset?
The battered Mexican peso has tumbled to historic new lows in recent days, nearing a psychological barrier of 20 pesos to the U.S. dollar and causing anxiety on the streets, at businesses and in the halls of government.
Among other factors, many point to the recent rise in U.S. presidential polls of Donald Trump, the Republican nominee who has vowed to build a wall along the U.S.-Mexico border and has been widely accused here of Mexico-bashing.
“There is a very clear relation with the [U.S.] electoral process,” Mexican President Enrique Peña Nieto told Radio Formula last week, linking Trump’s improved standings in the polls to the peso’s doldrums.
Continue reading Fears for Mexico’s economy grow as the peso nears the 20 to the Federal Reserve dollar