The credit was provided "for the purpose of introducing the swaps market, that is, the transfer of funds in US dollars and currencies from other Central American countries," according to details of a press release from Grupo M.
"This will reduce or prevent the foreign exchange risk exposures of the currencies," the report added.
The aid also includes providing counsel to help the company expand its operations in Costa Rica, El Salvador, Guatemala, Honduras and Nicaragua

Source: laprensagrafica.com

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