Banco de Mexico

Banco de Mexico is Mexico's central bank

Guillermo Ortiz[?] is governor of the bank since 1998

Table of contents 1 Goals 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 realesad 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 satnds 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

• http://www.banxico.org.mx/