Financial Markets react to statements by Morena Senators about reform of the Judiciary

In a Press Conference in the Senate, Deputy Fernández Noroña assured that with the overwhelming victory of Claudia Sheinbaum and the victory in the chambers, Plan C is achieved.

Noroña confirmed that there will be reforms to continue with the Fourth Transformation and will begin with the reform of the Judicial Branch. He also mentioned Energy and Electoral Reform.

Noroña called for calm, and assured that “all economic sectors will do well,” just as happened with López Obrador.

To the question asked about whether there will be a dismantling of the current Judiciary, the senators and deputies of Morena indicated that “we will see.”

The Coordinator of the Parliamentary Group of Deputies of Morena, Ignacio Mier Velasco assured that the reform to the The Judiciary is part of a package of 18 reforms that remain in force and will have to be reviewed when the next Legislature enters. He assured that the reforms will be adjusted together with the outgoing government.

Given such statements and the confirmation of the obtaining of a qualified majority in the Congress of the Union by the ruling party, the financial markets showed significant movements.

The price of the dollar reached 18.01 pesos, shortly after it fell to 17.9906, where it remains volatile.

What other reforms do Plan C include?

Among the reforms planned for Plan C includes reforming the Judiciary for popular election. In addition, it includes other reforms, including the assignment of the National Guard to the Sedena and an electoral reform.