To this end, the conduct of monetary policy in Mexico rests at present on three main pillars which, although mutually reinforcing and therefore complementary, have been sequentially erected through efforts made over the course of several decades. First among these, is the autonomy that our Central Bank has enjoyed since 1994.
Although the mindset of the administrators has not changed and instances of petty harassment and extortions by these officials are rampant, the government policy has been quite clearly articulated. For example, the cotton farmers are free to export their produce without any taxes or duties if there is excess supply domestically and no permits or licences are required.