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Mexico does not owe anything to the US, because the existing law prevents the Mexican government to acquire such kind of obligations. What it does is to sell Federal Treasury certificates (CETES), Federal Government Development bonds (BONDES), Investment Unit bonds (UDIBONOS) and other kinds of debt to private institutions, including national and international would-be purchasers. I believe the US government does not acquire such kind of debt, because it already has its own debt issue.

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14y ago

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