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CETES |
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As indicated earlier, the Mexican government has intervened heavily in financial markets through its placement of CETES (government bonds) and its extensive control over the legal reserve requirements of the private banking system. nbsp;of 140 basis points over 182-day CETES (Mexican 22%, while the other issue for 300 million pesos bears an interest rate of 115 basis points over six-month CETES. |
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