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.
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.