"Fall of the Mexican peso and its implications: López Obrador seeks to calm concerns."

The recent decline of the Mexican peso, which surpassed the barrier of 20 units per dollar, has generated a series of reactions from the government of Andrés Manuel López Obrador. In a press conference on Monday, the president sought to calm investors' concerns by assuring that the country can "hold on a little longer" in the face of global economic instability. This phenomenon, known as "Black Monday," was triggered by a historic crash in the Japanese stock market, which affected major financial markets worldwide and heightened fears of a possible recession in the United States. López Obrador admitted that the current situation is complicated but emphasized that the peso's decline does not represent a significant problem for the country in the context of its finances. During his address, the president presented graphs showing that, despite the recent depreciation, the peso has remained around 18 to 19 units per dollar in recent months. "We have a margin of protection; it doesn't affect us as much because our finances are very strong," he emphasized, trying to convey confidence in Mexico's economic solidity. The Mexican economy has found strength in its trade relationship with the United States, which is the country's main trading partner. However, López Obrador acknowledged that a slowdown in the U.S. economy could impact Mexico, although he downplayed the effect by stating that "it affects everyone." This argument is based on the idea that the economic interdependence between the two nations offers a certain degree of protection. One of the pillars on which López Obrador bases his optimism is the foreign exchange reserves of the Bank of Mexico, which amount to $221.725 billion, a figure that, according to him, will help face external shocks. The president also boasted that throughout his administration, the peso has not suffered significant devaluations, a phenomenon that, he noted, had not been seen in over five decades. This fact becomes a central point of his speech, considering that the appreciation of the peso by 5.8% since he took office is a sign of the success of his economic strategy. However, the president's optimistic view is not shared by everyone. Analyst Gabriela Siller presented data revealing that the Mexican peso has been the third currency to lose the most value against the dollar this year, with a depreciation of 15.4%. The situation worsens when considering that, in the last session, the peso depreciated by 1.19%, adding an element of concern in an already unstable context. The global context also plays a crucial role in this situation. Financial analysts warn that the crash of the Japanese market, the most severe since 1987, along with instability in the Middle East and changes in U.S. monetary policy, could severely affect the Mexican economy. Projections regarding growth and the stability of the peso are uncertain, and many specialists point out that the flow of foreign currency could be reduced. López Obrador, despite the criticism, remains firm in his stance that the country is prepared to face these challenges. "We are protected by our foreign exchange reserves," he stated, trusting that there will be sufficient mechanisms to cushion the impact of global instability on the national economy. However, only time will tell if this confidence translates into effective results. The country's debt also presents a delicate point. The calculation from the Ministry of Finance indicates that López Obrador's administration will close with a debt of 48.6% of GDP, which represents an increase of 4.9% compared to the previous administration. This figure is significant and raises concerns about the sustainability of the Mexican economy in an uncertain scenario. As López Obrador's term draws to a close, the focus of analysts and citizens is on the new administration of Claudia Sheinbaum, who will take office as president on October 1. It will be crucial to observe how her government manages this economic situation and whether it can defuse the alarms currently resonating in the financial realm. The stability of the peso and the health of the Mexican economy could largely depend on the decisions made in the coming months, as the world faces an uncertain economic horizon.