[Evans, Marv]

I remember around 1974, the peso was 12 1/2 pesos per dollar. Lots of Mexican nationals had money in U.S. banks. The Mexican government went on a big campaign calling for Mexicans to invest in Mexico by returning their money to Mexican banks on a patriotic basis. Mexican banks were paying great interest rates and some Americans had money there also and lots of Mexicans did return their money to Mexican banks. Shortly thereafter, the peso was devalued to more than 20p/$1 and kept rising. I felt sorry for those who lost money in this scenario, and the Mexicans who lost money felt betrayed again.