The Bank of Mexico (Banxico) reported that on January 3 the balance of international reserves reached 229,017 million dollars (million dollars), which meant a weekly increase of 228 million dollars and an accumulated growth of 27 million dollars compared to the end of 2024.
The weekly variation of $228 million was mainly the result of the change in the valuation of international assets, according to information from the central bank.
In 2024, international reserves registered an increase of 16,228 million dollars, the highest increase since 2014.
International reserves are constituted by foreign currency and gold owned by Banxico that are free of all taxes and whose availability is not subject to any restriction, as well as by the position in favor of Mexico with the International Monetary Fund (IMF), derived of the contributions made to said organization.
International reserves are also made up of foreign currency from financing obtained for the purpose of exchange regulation from the IMF and other international financial cooperation organizations or those that bring together central banks, central banks and other foreign legal entities that exercise authority functions in financial matters. .
Foreign currency pending receipt for purchase and sale operations against national currency will not be considered and Banxico’s liabilities in foreign currency and gold will be deducted, except those that have a term of more than six months at the time of calculating the reserve, and the corresponding to the financing obtained for the purposes of exchange regulation mentioned above.
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