Final remarks Mexico is on a path that should help take it to the resolution of fundamental issues obstructing productivity and long-term growth. In particular, recent telecoms and energy reforms seek to foment investment and competition in these sectors, which may boost the efficiency of the economy.
Many other countries have also experienced increased demand for bank notes during the pandemic, as a store of value and a back up method of payment (Figure 2).7 It is not unusual for cash holdings to increase during periods of uncertainty.