The News
The News
Sunday 20 of September 2020

International Reserves Rise for Third Consecutive Week


AGUSTÍN CARSTENS
AGUSTÍN CARSTENS
In the first week of March the country's international reserves increased $82 million to add a balance of $176.9 billion, said the Bank of Mexico

In the first week of March the country’s international reserves increased $82 million to add a balance of $176.9 billion, said the Bank of Mexico (Banxico).

Also, the central bank indicated that in the previous February the financial shield figured an increase of $660 million compared to January when it contracted $348 billion from the close of 2015.

The positive trajectory of international assets for the third consecutive week this month resulted from growth by $235 million reported before the change of valuation in the period, and the amount of which were discounted $153 million bought by the federal government for Banxico.

Despite the third rise in the country’s remittances, they continue introducing an accumulated decrease so far for 2016 of $638 million.

Regarding the performance of the monetary base in the previous week, the central bank explained that an expansion of 1.4 billion pesos, same with which came to a 1.2 trillion pesos, a balance involving an annual variation of 17.4 percent, while decreasing 47.5 billion pesos in the course of this year.

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