Bank of Mexico

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View of the Bank of Mexico building. To the left, part of the Palacio de Bellas Artes can be seen.

The Bank of Mexico (Spanish: Banco de México), abbreviated BdeM or Banxico, is Mexico's central bank and lender of last resort. Banco de México is autonomous in exercising its functions. Banco de México 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 : Ley Monetaria 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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