Dollar worth up to 14.50 pesos- highest level in 15 years (In Spanish)

La Jornada, 1/15/2009

dollarThe dollar reached its highest level in more than 15 years, 14.25 pesos at end of trading, after a day in which the U.S. currency sold for as much as 14.50 pesos at banks and exchange banks. The Mexican Central Bank then sold 400 million pesos, the second sale of currency in less than a week. The sale was not enough to temper pesothe demand for dollars, and the exchange rate close at more than 14 pesos per dollar.

In the first half of this month, the Mexican Central Bank has introduced $666 million USD into the foreign exchange market: $226 million on January 8 and an additional $400 million yesterday.

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