Mexico's foreign reserves rise by $1.87 bn

EFE Ingles |


Mexico City, Jul 2 (EFE).- Mexico's foreign reserves rose by $1.87 billion last week to $190.27 billion, the Bank of Mexico said.Gold and foreign currency reserves increased in the week ending June 27 mainly due to the sale of $1.5 billion by state-owned oil giant Petroleos Mexicanos, or Pemex, to the central bank.Reserves have grown by $13.75 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 8.12 billion pesos (about $625 million) to 876.94 billion pesos (some $67.5 billion) last week, the central bank said.The money supply has contracted by 49.93 billion pesos ($3.84 billion) since Jan. 1. EFEpmc/hv

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer

Companies

Symbol Name Price Change % Volume
JNEXF Junex Inc 0.31 0.00 0.00 0

Comments

Emerging Growth

NABUfit Global Inc

NABUfit Global Inc develops online fitness portal and a mobile app with the option of connecting existing and future monitoring devices (wearables etc.).

Private Markets

MyForce, Inc.

As parents, we constantly worry about the safety of our loved ones. The media bombards us with incidents from across the nation school shootings, frequent assaults on campuses, and crimes…

Voleo

Voleo is a free download that allows you to form investment clubs with your friends, family, colleagues, classmates, teammates…basically anyone you know and trust. Invest and manage a stock portfolio…