The Bank of Mexico, known as Banxico, is Mexico's central bank, monetary authority, and lender of last resort, created on August 25, 1925 and formally inaugurated on September 1 of that year to unify a banking system left fractured by the Mexican Revolution and a history of competing private note-issuing banks. Headquartered in Mexico City, it holds the exclusive constitutional authority to mint coins and print banknotes, and its principal legal objective is to maintain the stability of the purchasing power of the peso through monetary regulation and management of the exchange rate.
Facts
Founding Year Founding Date Headquarters Geography
Country or Jurisdiction ServedWikidata Q806208, property P17 (country). Classification
Institution Subtype Connections
Associated With
Member Of
Bank of Mexico is one of the BIS's 63 member central banks and monetary authorities (Membership and shareholding structure table); the BIS has been wholly owned by its member central banks since the 2005 buyback of private shareholders.
Source Wikipedia
In the Other Atlases
- Also in Geography Atlas: Mexico, located there.
Sources
1. Wikipedia
Wikimedia FoundationBank of Mexico
The Banco de México was created on August 25, 1925, under the direction of Minister of Finance Alberto J. Pani with an official ceremony given on September 1, 1925.
Introduction, institution-subtype
The Bank of Mexico, known as Banxico, is Mexico's central bank, monetary authority, and lender of last resort, created on August 25, 1925 and formally inaugurated on September 1 of that year to unify a banking system left fractured by the Mexican Revolution and a history of competing private note-issuing banks.
Member Of: Bank for International Settlements, Bank for International Settlements, Membership and shareholding structure section
The BIS members are central banks of 63 jurisdictions: 34 in Europe, 16 in Asia, 5 in South America, 3 in North America, 3 in Africa, and 2 in Oceania.
View the Source 2. Wikidata
Wikimedia Foundation
Wikidata: Bank of Mexico
Wikidata Q806208, class allow-list match (w-wdresolver-0926)View the Source Reader Challenges (0)
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