Bank of Mexico

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Bank of Mexico
Banco de México
Bank of Mexico headquarters in Mexico City
Bank of Mexico headquarters in Mexico City
Headquarters Mexico City, Mexico
Coordinates 19°26′06″N 99°08′26″W / 19.434893°N 99.140427°W / 19.434893; -99.140427Coordinates: 19°26′06″N 99°08′26″W / 19.434893°N 99.140427°W / 19.434893; -99.140427
Established 1 September 1925
Governor Agustín Carstens
Central bank of Mexico
Currency Mexican peso
MXN (ISO 4217)
Bank rate 3.0 %
Website www.banxico.org.mx

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

History[edit]

The Bank of Mexico was created on 1 September 1925. In July 1931, the Monetary Law was constituted.

Directors General (1925-1994) and Governors (1994- )[edit]

On December 15, 2009, Agustín Carstens was confirmed by the Senate as the new Governor of the Bank of Mexico with 81 votes in favor and 19 votes against. He assumed office on 1 January 2010.[1]

See also[edit]

References[edit]

  1. ^ "Mexico's Senate confirms Carstens as cenbank head". Forbes. Reuters. 15 December 2009. Retrieved 16 December 2009. [dead link]

External links[edit]