The Bank of Mexico abbreviated BdeM or Banxico, is Mexico

Mexico

The United Mexican States , commonly known as Mexico , is a federal constitutional republic in North America. It is bordered on the north by the United States; on the south and west by the Pacific Ocean; on the southeast by Guatemala, Belize, and the Caribbean Sea; and on the east by the Gulf of...

's central bank

Central bank

A central bank, reserve bank, or monetary authority is a public institution that usually issues the currency, regulates the money supply, and controls the interest rates in a country. Central banks often also oversee the commercial banking system of their respective countries...

 and lender of last resort

Lender of last resort

A lender of last resort is an institution willing to extend credit when no one else will. The term refers especially to a reserve financial institution, most often the central bank of a country, intended to avoid bankruptcy of banks or other institutions deemed systemically important or 'too big to...

. 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.

On December 15, 2009, Agustín Carstens

Agustín Carstens

Agustín Guillermo Carstens Carstens is a Mexican economist who has served as Governor of the Bank of Mexico since and was recently seeking to replace Dominique Strauss-Kahn as managing director of the International Monetary Fund...

was confirmed by the Senate as the new Governor of the Bank of Mexico with 81 votes in favor and 19 votes against. He is due to take office on 1 January 2010.

History

• 1 September 1925: creation of the Bank.
• July 1931: Monetary Law constituted.
• 1935: silver crisis (important increase of the silver price)

External links

• Official site of Banco de México