Tequila Crisis

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August 31, 2024 4 min read Definitions

Peso Crisis: A Pivotal Financial Event in Mexico's History

Economics Finance Peso Crisis Tequila Crisis Financial Crisis Mexican Economy 1994 Financial Events

The Peso Crisis, also known as the Mexican peso crisis or Tequila crisis, was a financial upheaval in Mexico that began with a significant devaluation of the peso in December 1994 and led to a severe economic recession. This article explores the historical context, key events, impact, recovery measures, and lasting implications of the crisis.