Banco de México
Banco de Mexico is Mexico's central bank
Guillermo Ortiz is governor of the bank since 1998
| Table of contents |
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2 Other activities 3 Instruments 4 History 5 Goals for 2003 6 Note 7 External links |
Goals
- Create money
- Fight inflation
Other activities
Mexico's central bank released statistics about the economy (GDP,..). You can see them on the official site, many of them are in Spanish and some in PDF.
Instruments
- Interest rates
- The short stands for the Spanish word
corto
History
- September 1, 1925 : creation of the bank
- July 1931 : Ley Monetaria
- 1935 : plate crisis (important increase of the plate price)
- February
7, 2003 : it increased the short from 5550 million pesos a day to 625 million
pesos
Goals for 2003
-
Let inflation below 3%
Note
Mexicans often use the abbreviation BdeM
External links
See also : central bank | Economy of Mexico | Mexico