A delegation from Jalisco looking to expand its agribusiness trade with Russia arrived in the world’s largest nation this week.

The Mexican peso has broken through the 16-peso barrier, and has fallen almost nine percent against the dollar since the start of the year.

Now at its lowest level for almost three decades, the peso has been affected by a weak global economy and the possibility of a rise in U.S. interest rates, most analysts agree.

The state’s charity watchdog, the Instituto Jalisciense de Asistencia Social (IJAS), has launched its annual altruism prize to highlight organizations that are doing stellar work in their respective fields, as well as provide them with a cash stimulus.