Thursday , June 24 2021

International reserves are declining in Mexico

International reserves of the country registered a balance of 175 thousand 511 million dollars on February 8, with a weekly decrease of 12 million dollars

Balance of international reserves of the country it was 175 thousand 511 million dollars by 8 February this year, with a weekly decrease of 12 million dollars, after two weeks to rise.

The Bank of Mexico (Banxico) reported that the fall in international reserves from 5 to 8 February is mainly due to the change in the valuation of the international assets of the Central Institute itself.

However, so far this year, international reserves have gained a growth from $ 718 million compared to the end of 2018, when they were deployed at $ 174,000.793 million.

He pointed out that monetary base (banknotes and coins in circulation and bank deposits on the current account in Banxico) reduced 17 thousand 432 million pesos, reaching a balance of one billion 593 thousand 034 million pesos, a figure that implies an annual change of 6.8%.

The figure reached by the monetary base on February 8, 2019, means an increase of 101 thousand 469 million pesos compared to the same date of the previous year, he added. central bank in the weekly bulletin for the statement on your account.

In the week ending 8 February, Bank of Mexico conducted open market operations with bank institutions to offset a net liquidity expansion of 20,000 863 million pesos.

He explained that this is a result of the withdrawal of EU funds Ministry of Finance of the Federation and other operations for three thousand 431 million pesos, as well as a lower demand for banknotes and coins from the public for 17,000 432 million pesos.

With information from Notimex

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