Mexico's Senate approved a controversial law on Wednesday that would oblige the central bank to buy up cash that commercial banks cannot return to the financial system, fanning concerns it could end up taking in laundered money from drug cartels. Pitched by the party of President Andres Manuel Lopez Obrador as a way to help migrants pass on cash that financial controls have made it tougher for them to unload, the bill has caused strong friction with the central bank over its autonomy.
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