Mexico finance minister quits over Lopez Obrador 'disagreements'

Mexico's Finance Minister Carlos Urzua offered his resignation on Tuesday, blasting the government of President Andres Manuel Lopez Obrador for imposing on the ministry officials "with no knowledge" of government finances.

Following the news, the Mexican peso lost almost two percent, dropping from 18.90 to 19.27 against the US dollar.

"There were too many disagreements in economic matters. Some of those were because in this administration public policy decisions have been taken without sufficient substance," Urzua, a respected economist, said on his Twitter account.

The 64-year-old also hit out at the "unacceptable hiring of officials with no knowledge of the Public Treasury."