Mexico Pres names Deputy finance Minister Herrera as new finance minister


The USDMXN continues volatile trade

The Mexican Pres. Lopez Obrador has named deputy finance minister Herrera as the new finance minister. I guess he nominates him.  

He further comments that the ex-FM Urzua is not in agreement with our government decisions.  

Urzua in his twitter resignation letter said:

  • Some public policy decisions were made without sufficient foundation
  • It was unacceptable that some public servants lack of knowledge of finance ministry
  • Naming of unprepared public servants in ministry was motivated by influential people in the government with conflicts of interest
  • He felt forced to quit

Goldman is out with their thoughts on the unexpected resignation by saying:

  • resignation suggest friction within president Lopez Obradors administration
  • suggests economic policy decisions may be guided, informed by non-economic, financial criteria
  • economic policy decisions may be made by people without the required, relevant credentials


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