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Mexico’s Foreign Reserves Up by $48 Million
Wednesday, August 20, 2014 11:01
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Mexico’s foreign reserves increased by $48 million last week to $190.55 billion, the Bank of Mexico said.
Gold and foreign currency reserves increased in the week ending Aug. 15 mainly due to a rise in the value of the central bank’s foreign assets.
Reserves have grown by $14 billion since Jan. 1, the Bank of Mexico said in a statement.
The M1 money supply, which includes currency, coins and demand deposits, expanded by 10.44 billion pesos (about $800 million) to 893.47 billion pesos (some $68.46 billion) last week, the central bank said.
The money supply has contracted by 24.4 billion pesos ($1.87 billion) since Jan. 1.
Published in Latino Daily News
Source: http://www.hispanicallyspeakingnews.com/latino-daily-news/details/mexicos-foreign-reserves-up-by-48-million/30892#When:15:20:36Z
