first Mexico doesn't peg the peso to the US dollar which overvalued the Peso. Then when their economy starts growing later on and more investors are willing to let the mexican gov. borrow money, Mexico makes sure a greater proportion of it comes from the IMF since starting in the mid 90s made sure countries that borrowed money from them started showing some transparency (depending on how much money they would borrow) to make sure they can pay them back and often times this transparency helped with corruption and would end up being as beneficial (and in some cases even more beneficial) than the money itself.
Hello everybody
I am writing a dissertation on the Mexican financial crisis 1994-1995. I have found the history of this very interesting. However, most of sources are from secondary sources (journals, papers, etc.).
Would anybody have a link to any primary sources about the crisis? Anything like government reports, reports from Banco de México.
I hope you guys can help.
The tequila effect, as it is known, was a financial crisis in Mexico that began in late 1994, and ended in… But it was just as economic, as it was political.
1994 was a complicated year for Mexico. Hell, complicated might even be underselling it. 1994 was an insanely complex year. The North America Free Trade Agreement came into effect on January 1. So, in response, and indigenous anarchist group in Chiapas decided to protest, because they felt that they had been left behind during Mexico’s development. So, naturally, they decided to take arms and in the earliest hours of 1994, taking some cities and towns in the state of Chiapas using violent force. A peace treaty was reached a bit later, with lots of concessions by the government to sustain peace and stability, because it was an electoral year.
A few months later, in March, presidential candidate Luis Donaldo Colosio, from the until very recently de facto single party, who had been in power for 70 years, was murdered in Tijuana, while campaigning. One of the ways the party sustained power for so long was the dedazo, in which the current president would select the party’s candidate, and everyone would back him. Thus, this method was made vulnerable in 1994, because candidates can’t hold public-office during a six-month period preceding the election. So, no real candidate could take his place, and his campaign manager Ernesto Zedillo was chosen to fill in.
In the Summer Secretary of the Interior Jorge Carpizo resigned amid speculation of pressure over the elections his Secretariat would be organizing but was convinced to return.
The election occurred without problems, with Zedillo winning, because the people wanted to sustain the regular stability, which was threatened due to the events in the previous months. Of course, that didn’t happen, and another magnicide occurred in September. José Francisco Ruiz Massieu, PRI’s general secretary was murdered. President Carlos Salinas was questioned about both Colosio and Ruiz Massieu’s murders. Then on October a suspect on Ruiz Massieu’s murder disappeared and has never been seen since. 1
On December 17, with Zedillo now the president, Mexico had lost 855 million dollars of international reserves. It was decided that the exchange rate float band would increase by 15%, devaluating the peso to prevent capital flight. Nothing could be done during the weekend but hope that the increase would be enough to convince the markets that the new exchange rate was sustai
... keep reading on reddit ➡I enjoy hunting and buying … and buy more than I want to hold. I sell to keep up my buying addiction, and for the fun of exposing folks to uncommon world gold coins. All coins include Airtite capsules (except where noted). Spot is US$1,829 at time of posting. Sorry about saying gold 3 times in the title -- it's always gold!
See videos for many coins below. As a frequent buyer of gold coins I'm often surprised as the reality vs. the pics (often pleasantly). The videos are here for you to know what you're getting.
(PM's only please - I will redirect you from chat). I'm happy to do my best to answer any nerdy questions about old world gold. If I don't know it, you may inspire me to research it and get back to ya!
LMU STANDARD COINS
The Latin Monetary Union (“LMU") was a monetary union in Europe established in 1865 based on coinage standards originating with Napoleon I. Officially, it included France, Belgium, Greece, Italy, Spain, Venezuela, and others. Many other countries (Russia, Finland, Poland, Serbia, etc) matched the standard and minted coins in the same denomination. It was the first 'euro' -- you can find posters identifying the coins that were official members. The LMU fell apart with the onset of WWI, but you can find several coins with the same size in the interwar period (Poland, Yugoslavia, etc) and beyond. I posted a full list of LMU gold coins here.
Finland: 20 markkaa (Nicholas II), 1913, 0.1867oz gold, UNC, **$SOLD** [KM#9] [Pic] [Video]
- Excellent example, UNC (MS) high point details. Was considering to send it off for grading (~MS62). As anyone who grades coins knows about the subjectivity, an UNC details grade is always possible.
- Minted under the protectorate of the Russian Empire. Last year of issue (mintage 214k). Markkaa was the Finnish currency until adopting the euro.
- Obverse features the iconic Russian double eagle, with Roman origins. Reverse refers to the gold content of the coin (5.806 grams).
**~~Fr
... keep reading on reddit ➡
Roll of 2013 libertads in original Banco De Mexico Tube (20) 1oz - 950 OBO
5 Gram 24k Bitcoin Round with CoA - 420 OBO
Designer 14k white gold ring with Fire Topaz and genuine diamond- 500 OBO
2021 Peace Dollars - 105 ea OBO
Ben Franklins in capsules - 11/ea OBO
3 proof 1964 quarters - 7/ea OBO
2 BU 1964 Kennedys - 11.50/ea OBO
10oz Britannia Bar - SOLD
Dos Peso gold coin - SOLD
2020 1/20th silver libertad SOLD
1oz Asahi Toner - SOLD
1oz Philharmonic w/ a little wear - SOLD
1oz South Carolina Bar sealed - SOLD
1oz Generic Walking Liberty - SOLD
1oz Flag Bar - Sold
1oz Generic Eagle - SOLD
If you have a good enough reputation I will ship and take payment on delivery.
Shipping under $200 $4, else $8 priority. Libertads ship on me if snagged at list price.
Proof pics and more
https://imgur.com/a/hlV7FKU
New item proof https://imgur.com/a/uSvyNbc
Hello, I just bought some Gold on my check list, So now I’m selling some items I have multiples of to help pay for it :) items purchased today will ship tomorrow.
Proof: https://imgur.com/a/kT2ZqYw
Mexican Gold
50 Pesos in capsule $2345 $2325 (2 avail)
20 Pesos in capsule SOLD
5 Pesos in capsule, red spots SOLD
$10 Gold Liberty Pre33
1880 $10 Liberty gold $983 $978 (1 avail)
1881 $10 Liberty gold $983 $978 (1 avail)
1899 $10 Liberty gold $983 $978 (1 avail)
1/10 Gold
2021 1/10 Gold Britannia $208 (4 2 avail)
payment Zelle preferred. Venmo, Cashapp, PayPal FF, crypto (+.5% transaction fee)
Shipping: $5/first class padded envelope. $8/Priority mail Small Flat rate box
US only. Items will drop off Tuesday afternoon. Insurance is not offered, they are your responsibility once scanned in by the postal service.
Please use direct message only (not chat)
Edit: Thanks for the gold! Now show me the sweet little shineys please.
Howdy!
I have a duplicate 1988 with out a box, but in original capsule for trade for either a 1986 or 1987 $5 Proof. Must be a proof that’s problematic free, like mine. If you have a box, I’ll throw in $7 to go towards your shipping.
Also, I need one dos peso. Not too picky, but no jewelry or holed coin wanted.
There’s a brief description in the video of what I’m offering. If you have any questions or audio doesn’t work, lemme know.
silver coins for dos peso here
-
looking to trade with established members. If you have less then 50 sales, I would like you to ship first.
-
each party pays for their own shipping. I’ll ship the silver lot in sfrb, you can ship that little ass gold in a package with tracking, and taped generously.
lower 48 states only
end of post
You may have to tap the upper right audio icon to get audio on imgur.
Another edit: what are you looking to trade for? I’m not trading any junk silver, but I may have something else in the $105-$115 range.
SOLD 10 8 4 × 1945 dos y medio gold coins~~ ALL SOLD
Add 9 for shipping, ill ship usps priority.
Paypal ff or Venmo, open to trades for gold coins, preferably AGE's, I can add cash.
Accepting PayPal only, only shipping within the United States. If paying with friends and family please NO NOTES if paying with goods and services please pay the fee 😀
Cinco Peso - SOLD French rooster - SOLD
Time stamp
https://imgur.com/a/xZsWWcX
(5) Mexican 5 pesos gold coins
Selling all 5 together as a lot for $1175 shipping ($235 each)
SOLD!
Open to offers
Shipping via priority mail is included in price
Payment Methods: CashApp, Venmo
