MEXICO CITY: Mexican Finance Minister Arturo Herrera on Wednesday criticised a controversial bill proposed by the country’s ruling party that would force the central bank to buy foreign cash commercial banks are unable to return to the financial system.
Proponents of the legislation, which was passed by the Senate earlier in December, argued it is needed to help Mexicans with poor access to the financial system, such as migrant families and hospitality sector workers, offload their dollars.
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