1998News

Consensus reached on Monetary Code; passage imminent

Announced yesterday evening was a consensus accord reached between the government, the Senate and the banking community over the 350-article bill creating a new Monetary-Financial Code. The bill in question has spent four years inching its way through Congress. The agreement was announced by the President of the Senate, Ramón Alburquerque, and the President of the Association of Commercial Banks, José Manuel López Valdez. Alburquerque said that he would launch a Senate debate on the measure in today’s plenary to secure swift passage of the bill.