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  HOME | Mexico

Mexico’s Foreign Reserves Drop by $174 Million

MEXICO CITY – Mexico’s foreign reserves fell by $174 million to $195.64 billion last week, the Bank of Mexico said Tuesday.

Gold and foreign currency reserves fell in the week ending Feb. 20 mainly due to a change in the value of the bank’s foreign assets, the central bank said.

Reserves have risen by $2.4 billion since Jan. 1, the Bank of Mexico said in a statement.

The M1 money supply, which includes currency, coins and demand deposits, fell by 7.88 billion pesos (about $524 million) to 1.01 trillion pesos (some $67.3 billion) last week, the central bank said.

The money supply has contracted by 49.89 billion pesos ($3.31 billion) since Jan. 1.

 

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