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Mexican Economy #553739

NBC Evening News for Thursday, Nov 19, 1987
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(Studio: Tom Brokaw) Report introduced.

(San Ysidro, California: Don Oliver) Scenes shown of Mexicans trying to convert their pesos into dollars. [MAN - says government has lost control.] Plunging peso discussed. Banks reported closing. [MAN - says they have to stop trading until the market settles down.] Mexican market's behavior said being compared to US panic. Impact discussed of falling peso upon Mexican economy Mexicans reported crossing United States border to purchase products. [WOMAN - says Mexican business will have to lay off employees.] Tourists said enjoying economy situation because of United States dollar increase buying power. [WOMAN - describes great deal on leather handbag.] Mexican companies exporting goods reported benefiting from drop in peso. Govt. officials quoted regarding necessity of peso dropping. Mexican inflation discussed. Mexican workers shown demonstrating for increase wages.

Brokaw, Tom;
Oliver, Don

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