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.
Monto de remesas familiares en enero de este año (1,932 mdd): el más alto para un mes de enero en toda la historia: https://t.co/BWQzMdUTz9
— Banco de México (@Banxico) March 1, 2016