Today, we are experiencing a more than worrying scenario, given that, unusually, the three variables are out of balance, without the slightest idea of how and when order will be restored. On the one hand, the Bank of Mexico has been completely cryptic in reporting the measures it has adopted to neutralize the effect of cryptocurrencies, as well as the already 60,000 million dollars that have entered as remittances.
The inexperienced Governing Board of the central institute has not exposed, in detail and clarity, the mechanics of monetary regulation, nor has it given an account of the assets that make up the reserve. On the other hand, although it is true, a couple of years ago there was talk of once again imposing financing drawers, returning to the selective channeling of credit, the reality is that immobility has seized that authority.
Added to the above, the learning curve in the National Banking and Securities Commission has been too long and costly in terms of adequate supervision. More than frivolous strategies are once again found in some banks, and the disorderly action of unregulated entities is perceived to have great influence in the interior of the country, emerging practices that can lead to bankruptcy for savers.
The financial margin has increased irresponsibly and the spread between the type of purchase and sale of currencies have expanded in a disorderly manner, finding notable differences between intermediaries that offer currencies in the country. In other words, there is no strong authority presence in the provision of publicly advertised financial services.
Added to this is the scandalous growth in fraud against cardholders, as well as the terrifying departure of large companies from the stock sector, increasing the presence of supposedly specialized advisers who, far from being so, have shown improvisation and excessive audacity.