The News
The News
Monday 21 of September 2020

Banxico's Reserves Show Consecutive Gains


Banxico Liliana Betancourt6
Banxico Liliana Betancourt6
In the last week of February, Mexico’s international reserves recorded consecutive gains of $1.3 billion

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.