Mexican peso sank more than 2% after Treasury secretary resigned

Investors took refuge in the dollar after meeting with Mexican Finance Secretary Carlos Urzúa, who spoke of a "clear conflict of interest" with those whom he had called influential government figures to justify his decision. .

Therefore the The Mexican peso sank more than 2%at levels at the end of May, when you touch a floor at $ 19.35 per dollar; Whatever the case may be, the fall was reduced and the value of the currency did not exceed $ 19, which means a lower depreciation of 1.3%.

It is that the name of the successor of Urzúa was already known, Arturo Herrera, an economist in the United States, worked as deputy secretary of finance..

With his resignation, Urzúa became the highest official of the government of Andrés Manuel López Obrador. The former manager is one of the closest men to the president. He took office in December 2018, promising an economic expansion of up to 4% a year towards the end of his term and a policy of austerity.

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SILVANA & nbspSALDISURI

"Me the imposition of officials having no knowledge of the Treasury was unacceptable. This was motivated by influential figures in the current government grappling with a manifest conflict of interest, "Urzúa said in a letter posted today on his Twitter account.

Urzúa, who took office in early December, expressed his deep gratitude to López Obrador for giving him the opportunity to serve Mexico during the first year of his government, characterized by a weakening economy that led to the gross domestic product (GDP ). contract 0.2% in the first quarter.

"I'm convinced thatAny economic policy must be conducted on the basis of evidence, citing the different effects that this may have and without any extremism, whether right or left. However, during my tenure, the previous convictions did not find an echo, "added Urzúa, whose resignation was accepted by López Obrador.

"There were a lot of differences in economic matters, some of them because in this administration, public policy decisions were made without sufficient means of subsistence, I am convinced that any economic policy must be conducted on the basis of of evidence, taking into account the different effects that this can of any extremism, whether right or left, "he said.