It Might Actually Be Cheaper For Mexico To Buy Twitter Than Defend The Peso Against Trump

By Holly Brockwell on at

The central bank of Mexico has spent TWO BILLION DOLLARS trying to prop up the Peso from the onslaught of anti-Mexico rhetoric in president-elect Donald Trump's tweets, and some currency traders have had enough.

According to Bloomberg, they've worked out that it's probably going to be cheaper in the long run to pony up the approximately $12 billion it would cost to buy Twitter itself, and immediately shut it down.

Trump's musings on Mexico include:

However, while we see Mexico's point, there's a better way. Buy Twitter, yes, but don't shut it down. Just shadowban Trump. There, in one fell swoop, Mexico would have done more for positivity on Twitter than Jack Dorsey has in years. [Bloomberg]

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