2003News

German bondholders visit Mejia

German institutional investors having acquired sovereign bonds issued last July in New York City visited President Mejia yesterday to investigate the rise in the exchange rates. The President assured the representatives of the Deutsche Bank that recent measures had halted the rise in the rates and that the current trend predicts a lower peso-to-dollar ratio. After visiting the President, the bondholders met with Finance Minister Jose Lois Malkum, who also assured them that the government would continue to take the necessary steps to preserve the integrity of the peso. Malkum told the press that ?they left here very confident and tranquil.?