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Latino Daily News

Wednesday August 14, 2013

Foreign Reserves Rise $5.8 Billion in Mexico

Foreign Reserves Rise $5.8 Billion in Mexico

Photo: Banco de Mexico

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Mexico’s foreign reserves have risen by $5.81 billion to nearly $169.33 billion this year, with all figures as of Aug. 9, the Bank of Mexico said Tuesday.

Gold and foreign currency reserves rose by $277 million in the week of Aug. 5-9, the central bank said.

The money supply fell by 7.41 billion pesos (about $580 million) to 769.58 billion pesos ($60.26 billion) last week.

The money supply contracted by 76.43 billion pesos (about $5.9 billion) from Jan. 1 to Aug. 9, the Bank of Mexico said.