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On December 22, the Mexican government allowed the peso to float, after which the peso depreciated another 15%. [6]: 179–180 The value of the Mexican peso depreciated roughly 50% from 3.4 MXN/USD to 7.2, recovering only to 5.8 MXN/USD four months later. Prices in Mexico rose by 24% over the same four months, and total inflation in 1995 was 52%.
To mitigate the potential surge in border crossings following the end of Title 42, the federal government implemented new rules for incoming migrants at the US-Mexico border. These new rules bar from the United States those who attempt to enter illegally for five years if they do not qualify for asylum. [ 11 ]
USD/MXN exchange rate. Mexican peso crisis in 1994 was an unpegging and devaluation of the peso and happened the same year NAFTA was ratified. [2]The Mexican peso (symbol: $; currency code: MXN; also abbreviated Mex$ to distinguish it from other peso-denominated currencies; referred to as the peso, Mexican peso, or colloquially varo) is the official currency of Mexico.
The border towns of El Paso and Juarez are bracing for a migrant surge when the Title 42 Covid ban ends next week. But numbers are already rising. As the Title 42 Covid ban nears its end, a ...
Homeland Security Sec. Alejandro Mayorkas said Sunday that U.S. has seen a 50% drop in encounters along the border since ... 2400 Mexican migrants have been sent back into Mexico since the lifting ...
The COVID-19 pandemic in Mexico is part of the ongoing worldwide pandemic of coronavirus disease 2019 (COVID-19) caused by severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2). The virus was confirmed to have reached Mexico in February 2020.
Mexico, like any other country, is not obligated to accept non-Mexican migrants, but it has agreed to do so in the recent past, especially from countries like Cuba and Venezuela, which often ...
A study in Science found that travel restrictions could delay the initial arrival of COVID-19 in a country, but that they produced only modest overall effects unless combined with infection prevention and control measures to considerably reduce transmissions (this is consistent with prior research on influenza and other communicable diseases).