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Bank of Mexico

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Established
  
1 September 1925

Bank rate
  
5.75%

Founder
  
Plutarco Elías Calles

Central bank of
  
Mexico

Governor
  
Agustín Carstens

Website
  
www.banxico.org.mx

Headquarters
  
Mexico City

Bank of Mexico wwwcurrencyaffairsorgwpcontentuploadsbancod

Currency
  
Mexican peso MXN (ISO 4217)

Founded
  
25 August 1925, Mexico City, Mexico

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The Bank of Mexico (Spanish: Banco de México), abbreviated BdeM or Banxico, is Mexico's central bank, monetary authority and lender of last resort. The Bank of Mexico is autonomous in exercising its functions, and its main objective is to achieve stability in the purchasing power of the national currency.

Contents

History

The Bank of Mexico was created on 1 September 1925. In July 1931, the Monetary Law was constituted.

Directors General (1925-1994) and Governors (1994- )

  • Alberto Mascareñas Navarro (1925-1932)
  • Agustín Rodríguez Cotera (1932-1935)
  • Gonzalo Robles Fernández (1935)
  • Luis Montes de Oca (1935-1940)
  • Eduardo Villaseñor Ángeles (1940-1946)
  • Carlos Novoa Rouvignac (1946-1952)
  • Rodrigo Gómez Gómez (1952-1970)
  • Ernesto Fernández Hurtado (1970-1976)
  • Gustavo Romero Kolbeck (1976-1982)
  • Carlos Tello Macías (1982)
  • Miguel Mancera Aguayo (1982-1997)
  • Guillermo Ortiz Martínez (1998 - 2009)
  • Agustín Carstens Carstens (2009 - )

    • On December 15, 2009, Agustín Carstens was confirmed by the Senate as the new Governor of the Bank of Mexico with 81 votes in favor and 19 votes against. He assumed office on 1 January 2010.

    References

    Bank of Mexico Wikipedia
    (Text) CC BY-SA