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Business

Banxico: Mexico's International Reserves increase $199 Million

The weekly positive variation resulted in an annual accumulated increase of international assets totaling $940 million

Agustín Carstens, of Banxico, photo: Notimex/Guillermo Granados
By Omar Sánchez Whatsapp Twitter Facebook Share
1 year ago

Mexico’s Central Bank (Banxico) reported that last week, the country’s international reserves increased by $199 million, reaching a total of $177.6 billion.

60303133. México, 3 Mar 2016 (Notimex-Guillermo Granados).- El gobernador del Banco de México (Banxico), Agustín Carstens durante la presentación del “Informe Trimestral, octubre-diciembre 2015”. NOTIMEX/FOTO/GUILLERMO GRANADOS/GGV/POL/

Agustín Carstens, head of Mexico’s Central Bank (Banxico). Photo: Notimex/Guillermo Granados

According to the bank, this new consecutive rising trend is a result of the change in valuation of resources during the period, representing an increase of $225 million. However, $26 million were bought by the federal government and deducted from this amount.

The weekly positive variation resulted in an annual accumulated increase of international assets totaling $940 million on April 8.

Last week, the monetary base, including banknotes, coins and bank deposits in Banxico’s current account, fell by 16.7 billion pesos ($957.1 million), totaling a balance of 1.1 trillion pesos. This amount meant an annual variation of 14.3 percent and a decrease of 46.8 billion pesos during 2016.

60303140. México, 3 Mar 2016 (Notimex-Guillermo Granados).- El gobernador del Banco de México (Banxico), Agustín Carstens durante la presentación del “Informe Trimestral, octubre-diciembre 2015”. NOTIMEX/FOTO/GUILLERMO GRANADOS/GGV/POL/

According to the bank, this new consecutive rising trend is a result of the change in valuation of resources during the period. Photo: Notimex/Guillermo Granados

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