Mexico’s Secretariat of Finance and Public Credit (SCHP) ordered all federal agencies and entities to close their bank accounts that have been authorized by the Treasury of the Federation
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By RICARDO CASTILLO Rumors Abound Ever since Mexican President Andrés Manuel López Obrador (AMLO) announced in a tweet on Sunday, Jan. 24, that he had tested positive for coivd-19 and had gone into quarantine, countless rumors have been flying across the media and gossip mills as to the validity of his announcement. Some critics suggested that AMLO had not, in
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By RICARDO CASTILLO Debt Restructuring Plan The Mexican Treasury and the National Banking and Stocks Commission (CNBV) launched a national debt relief package to help borrowers and banks alike during the covid-19 pandemic-provoked economic crisis. The plan includes a downsizing of the agreed-upon interest rate and reduces the monthly amount borrowers are currently paying. All news arrangement will have to
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