News Column

Mexico's foreign reserves rise by $168 mn

June 25, 2014

Mexico City, Jun 25 (EFE).- Mexico's foreign reserves rose by $168 million last week to $188.4 billion, the Bank of Mexico said.

Gold and foreign currency reserves increased in the week ending June 20 mainly due to a rise in the value of the central bank's assets.

Reserves have grown by $11.88 billion since Jan. 1, the Bank of Mexico said in a statement.

The M1 money supply, which includes currency, coins and demand deposits, fell by 12.21 billion pesos (about $939 million) to 868.82 billion pesos (some $65.78 billion) last week, the central bank said.

The money supply has contracted by 49.05 billion pesos ($3.77 billion) since Jan. 1. EFE


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Source: EFE Ingles

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