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Some time ago, the Mexican peso ( MXN ) was devalued ( reduced in value ) against US$ from MXN 8 . 7 0 /

Some time ago, the Mexican peso

(

MXN

)

was devalued

(

reduced in value

)

against US$ from MXN

8.70 /

$ by

20 % .

What was the new peso per dollar after the devaluation?

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