Banking

Mexico implements emergency cash plan after hurricane

Mexico’s central financial institution, business lenders and different authorities authorities have activated emergency plans to offer banknotes after a hurricane struck coastal areas.

The Financial institution of Mexico (Banxico), has additionally authorised aid for bank card debt. Hurricane Otis made landfall on the resort metropolis of Acapulco on October 25.

On October 30, a number of authorities businesses and the nationwide banking affiliation introduced the implementation of Plan Billetes, or banknotes plan. It includes putting in

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