Banco de México

(Redirected from Banco de Mexico)

This article needs to be cleaned up to conform to a higher standard of article quality.
See How to Edit and Style and How-to for help, or this article's talk page. Remove this message when done.

The Banco de México (Spanish: "Bank of Mexico"), abbreviated BdeM or Banxico, is Mexico's central bank. Guillermo Ortiz has been the governor of the bank since 1998

1 Goals
2 Other activities
3 Instruments
4 History
5 Goals for 2003
6 See also
7 External link

Goals

Creating money
Fighting inflation

Other activities

Mexico's central bank releases statistics about the economy (GDP,..). You can see them on the official site, many of them are in Spanish and some in PDF.

Instruments

Interest rates
The short stands for the Spanish word corto

History

September 1, 1925 : creation of the bank
July 1931 : Ley Monetaria
1935: silver crisis (important increase of the silver price)
February 7, 2003 : it increased the short from 5550 million pesos a day to 625 million pesos

Goals for 2003

Keep inflation below 3%

External link

http://www.banxico.org.mx/

Categories: Wikipedia cleanup | Central banks | Economy of Mexico