The Banco de México (Spanish: "Bank of Mexico"), abbreviated BdeM or Banxico, is Mexico's central bank. Guillermo Ortiz has been the governor of the bank since 1998 Guillermo Ortiz Martinez is President and Governor of the Banco de Mexico, appointed by a majority vote in Congress and by recomendation of President Vincente Fox Ortiz obtained his doctorate in Economics from Stanford University in California, he has been involved in the Mexican economy for a very long time. ... 1998 is a common year starting on Thursday of the Gregorian calendar, and was designated the International Year of the Ocean. ...

Goals

• Creating money
• Fighting inflation

Other activities

Mexico's central bank releases 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: silver crisis (important increase of the silver price)
• February 7, 2003 : it increased the short from 5550 million pesos a day to 625 million pesos

September 1 is the 244th day of the year (245th in leap years). ... 1925 was a common year starting on Thursday (link will take you to calendar). ... 1931 is a common year starting on Thursday. ... February 7 is the 38th day of the year in the Gregorian Calendar. ... The peso is the currency of Mexico. ...

Goals for 2003

• Keep inflation below 3%

See also

• Economy of Mexico

Overview Mexico has a free market economy with a mixture of modern and outmoded industry and agriculture, increasingly dominated by the private sector. ...

External link

• http://www.banxico.org.mx/