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Bank of Mexico

Coordinates: 19°26′06″N 99°08′26″W / 19.434893°N 99.140427°W / 19.434893; -99.140427
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Bank of Mexico
Banco de México
Logo of the Bank of Mexico
Logo of the Bank of Mexico
Bank of Mexico headquarters in Mexico City
Bank of Mexico headquarters in Mexico City
HeadquartersMexico City, Mexico
Coordinates19°26′06″N 99°08′26″W / 19.434893°N 99.140427°W / 19.434893; -99.140427
Established1 September 1925
GovernorAgustín Carstens
Central bank ofMexico
CurrencyMexican peso
MXN (ISO 4217)
Bank rate3.75 %
Websitewww.banxico.org.mx

The Bank of Mexico (Template:Lang-es), 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

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- )

  • Alberto Mascareñas Navarro (1925-1932)
  • Agustín Rodríguez Cotera (1932-1935)
  • Gonzalo Robles Fernández (1935)
  • Luis Montes de Oca (1935-1940)
  • Eduardo Villaseñor Ángeles (1940-1946)
  • Carlos Novoa Rouvignac (1946-1952)
  • Rodrigo Gómez Gómez (1952-1970)
  • Ernesto Fernández Hurtado (1970-1976)
  • Gustavo Romero Kolbeck (1976-1982)
  • Carlos Tello Macías (sep.-dic. 1982)
  • Miguel Mancera Aguayo (1982-1997)
  • Guillermo Ortiz Martínez (1998 - 2009)
  • Agustín Carstens Carstens (2009 - )

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

References

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