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Website. www .banxico .org .mx. The Bank of Mexico ( Spanish: Banco de México ), abbreviated BdeM or Banxico, is Mexico 's central bank, monetary authority and lender of last resort. The Bank of Mexico is autonomous in exercising its functions, and its main objective is to achieve stability in the purchasing power of the national currency.
The central bank came into being amid big challenges and aspirations for the Mexican economy. Besides the need for an institution of its nature, others included the development of a new banking system, the renewal of credit in Mexico, and fostering the population’s acceptance of paper money (this would not be an easy task, especially after the country’s traumatic inflation experience ...
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05/09/2024. The target for the overnight interbank funding rate is kept unchanged at 11.00 per cent 04/04/2024. Minutes of the meeting of Banco de México's Governing Board on the occasion of the monetary policy decision announced on March 21, 2024 04/01/2024. Directorate of Financial Education and Cultural Promotion (DEFFC) announcement/call ...
Mexico, [a] [b] officially the United Mexican States, [c] is a country in the southern portion of North America. It covers 1,972,550 km 2 (761,610 sq mi), [11] making it the world's 13th-largest country by area; with a population of almost 130 million, it is the 10th-most-populous country and the most populous Spanish-speaking country. [12]
- Federal presidential republic
Board members, as well as central bank staff, are subject to the Federal Civil Servants Liability Law (Ley Federal de Responsabilidades de los Servidores Públicos). However, in accordance with the central bank’s autonomy, this law is to be enforced by an internal entity known as the Liabilities Committee.
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Banco de México. Founded on September 1, 1925, Banco de México (Banxico) is Mexico's central bank.Obeying a mandate of the 1917 Mexican constitution, Alberto J. Pani, minister of finance under Plutarco Elías Calles, took the political and organizational initiative to order the establishment of a Banco Único de Emisión (Unique Bank of Emission), as the bank was originally known, as an ...
