Mexico implements emergency cash plan after hurricane

Banxico authorises banks to suspend minimum payments on credit cards

Mexican pesos

Mexico’s central bank, commercial lenders and other government authorities have activated emergency plans to provide banknotes after a hurricane struck coastal areas.

The Bank of Mexico (Banxico), has also authorised relief for credit card debt. Hurricane Otis made landfall at the resort city of Acapulco on October 25.

On October 30, several government agencies and the national banking association announced the implementation of Plan Billetes, or banknotes plan. It involves installing

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