Bank of Mexico

The Bank of Mexico (Banco de México), abbreviated BdeM or Banxico, is Mexico's central bank and lender of last resort. Banco de México is autonomous in exercising its functions. Banco de México main objective is to achieve stability in the purchasing power of the national currency. Its current governor is Guillermo Ortiz Martínez, who was appointed in 1998.

History

• September 1, 1925 : creation of the Bank.
• July 1931 : Ley Monetaria constituted.
• 1935: silver crisis (important increase of the silver price)

See also

• Mexican peso
• Economy of Mexico

External links

• / Official site of Banco de México

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Last updated on Monday March 03, 2008 at 14:11:28 PST (GMT -0800)
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