Bank of Mexico delivers $2 billion surplus to the government
Last time the Bank of Mexico transferred funds to the treasury was in 2009
An increase in the value of the Bank of Mexico's dollar reserves contributed to a 31.4 billion peso ($2 billion) operational surplus in 2014, funds that will now be transferred to the government to fund infrastructure projects.
This is the first time since 2009 the central bank will transfer an operational surplus – funds left over after it sets aside capital reserves as required by law – to the government.
In 2014 the peso depreciated by 12.4% against the dollar, which gave rise to "positive
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe
You are currently unable to print this content. Please contact info@centralbanking.com to find out more.
You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@centralbanking.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@centralbanking.com