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Business

Banxico's Reserves Show Consecutive Gains

In the last week of February, Mexico’s international reserves recorded consecutive gains of $1.3 billion

Banxico Liliana Betancourt6
By The News Whatsapp Twitter Facebook Share
2 years ago

In the last week of February, Mexico’s international reserves recorded consecutive gains of $1.3 billion, raising the total foreign reserve to $176.15 billion, as indicated by Mexico’s Central Bank (Banxico).

The recent weekly rise of Mexico’s assets were, according to the Banxico, the results of $1.26 billion in cuts from the federal government as well as the injection of $43 million that caused the period’s change in currency valuation.

While stocks showed a second consecutive weekly rise, the financial shield still has an accumulated $720 million in respect to the decreased balance at the end of 2015.

In January, remittances arriving to the country reached more than $1.93 billion, a sum 18.76 percent higher than the same month in 2015, according to Banxico.

 

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