Mexico central bank sells $200 mln after peso hits record low

August 24, 2015 2:06 PM

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MEXICO CITY Aug 24 Mexico's central bank said on Monday it had sold $200 million in an auction after a sharp drop in the peso to a record low.

The central bank sold dollars at a weighted average of 17.1518 pesos per dollar. The central bank offers $200 million whenever the peso slumps more than 1 percent from the previous day's fix rate. It sells another $200 million every day without a minimum price trigger.

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