Bank of Mexico

From Wikipedia, the free encyclopedia

Bank of Mexico Banco de México
The Bank of Mexico building in Mexico City
Headquarters	Mexico City, Mexico
Coordinates	19°26′06″N 99°08′26″W / 19.434893°N -99.140427°E / 19.434893; -99.140427Coordinates: 19°26′06″N 99°08′26″W / 19.434893°N -99.140427°E / 19.434893; -99.140427
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	www.banxico.org.mx

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.

[edit] History

• September 1, 1925 : creation of the Bank.
• July 1931 : Monetary Law constituted.
• 1935: silver crisis (important increase of the silver price)

[edit] See also

• Mexican peso
• Economy of Mexico

[edit] External links

• (Spanish)/(English) Official site of Banco de México

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