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Latino Daily News

Wednesday July 23, 2014

Mexico’s Foreign Reserves Fall by $104 Million

Mexico’s foreign reserves fell by $104 million last week to $190.23 billion, the Bank of Mexico said.

Gold and foreign currency reserves decreased in the week ending July 18 mainly due to a drop in the value of the central bank’s assets.

Reserves have grown by $13.71 billion since Jan. 1, the Bank of Mexico said in a statement.

The M1 money supply, which includes currency, coins and demand deposits, expanded by 2.02 billion pesos (about $156 million) to 882.94 billion pesos (some $68.07 billion) last week, the central bank said.

The money supply has contracted by 34.93 billion pesos ($2.69 billion) since Jan. 1.

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