He Mexican peso opened in red, after the fed confirmed in a statement that depositors, insured and uninsured, will have access to their money starting today.
The exchange rate is listed at 18.2873 pesos per dollar, with a drop compared to Friday’s close, according to data from the Bloomberg agency.
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The Federal Reserve of USA announced that all its clients will be able to recover their deposits in a decision unprecedented since the financial crisis of 2008.
According to El Confidencial, the Fed will create an emergency instrument backed by a guarantee of US$ 25 billion to which other banks with problems can also resort.
The US central bank’s decision also extends to another entity that had run into trouble, the Signature Bank, in New York, which had to be intervened on Sunday dragged down by the collapse of the SVB.
Source: Gestion
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