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Business, 01.04.2021 21:00 rhelia

The Mexican Government announces the Par Value of the Peso against the US Dollar at 5 (i, e. 1$=5 Pesos), and it commits to maintain the value of the Peso against the US dollar within a a band of 3% of its par value. What is the maximum price at which $1 can be bought in Mexican Pesos after the announcement?

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The Mexican Government announces the Par Value of the Peso against the US Dollar at 5 (i, e. 1$=5 Pe...
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