Mexican president seems to make U-turn on central bank law

Bank of Mexico says draft cash law would endanger its independence

Mexican president López Obrador (right) meets governor Díaz de León

Mexico’s president, Andrés Manuel López Obrador, said a controversial draft law, supported by his own political party, must preserve the independence of the central bank.

In his daily press conference on January 20, the president said a new way should be found to ensure people can convert dollars into pesos.

The Bank of Mexico and López Obrador’s own finance minister have warned that the current draft law would compromise the central bank’s independence. The president’s intervention may amount

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