fixed exchange rate (at 3.3 pesos per dollar, within a variation band), would have been to sharply increase interest rates by allowing the monetary base to shrink, as dollars were being withdrawn from the reserves. Given the fact that it was an election year, whose outcome might have changed as a result of a pre-election-day economic downturn, the Bank of Mexico decided to buy Mexican Treasury Securities in order to maintain the monetary base, and thus prevent the interest rates from rising. This, in turn, caused an even more dramatic decline in the dollar reserves. These decisions aggravated the already delicate situation, to a point at which a crisis became inevitable and devaluation was only one of many necessary adjustments.

Successor first days crises

Peso devaluation

Soon after taking office, ZedilloMagic Movements offers the
opportunity for women and children to
enjoy the charisma, inner strength and power associated with Martial Arts
activity and to develop supreme esteem. (feelings of excellent worth) It is for
those who do not function well in the regular regimented environment of a dojo.
Grading, Performance and regular execise are available to advanced students.

Specials Martial
Arts developed through a demand from social services for intellectually
disadvantaged women, many of whom had experienced difficult or violent
circumstances. It also caters for those women with physical impairments. There
are advanced students in these classes.

Magic Movements was created by Anita Carcour who's passion for
martial arts " Herstory " lead
her to consider practical ways she could employ her knowledge and skills to
empower people, share the benefits and exhilaration of martial arts. Her qualifications as a social worker