Bank of Mexico

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Bank of Mexico
Banco de México

Headquarter of bank of Mexico

Headquarters Mexico City, Mexico
Established September 1, 1925
Governor Guillermo Ortiz Martínez
Central Bank of Mexico
Currency Mexican peso
ISO 4217 Code MXN
Base borrowing rate 8.25
Website banxico.org

The Bank of Mexico (Spanish: Banco de México), abbreviated BdeM or Banxico, is Mexico's central bank 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. 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

External links

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