Mexico central bank Governor Alejandro Diaz de Leon (Bloomberg)
(Bloomberg) — Mexican President Andres Manuel Lopez Obrador met central bank Governor Alejandro Diaz de León to ask for an advance on the bank’s exchange-rate surplus. He returned empty-handed, for now.
In a statement, Banxico said that both Lopez Obrador and Diaz de Leon discussed the importance of following the existing procedure and timing regarding the surplus as laid out in the central bank’s own regulations.
The surplus — which is scheduled to be paid out in April next year — may eventually represent a windfall for Mexico’s government as it tries to hold its fiscal position amid shocks from an oil slump and the coronavirus.
“Banxico won’t know how much is left over until the end of the year,” said New York-based Bank of America economist Carlos Capistran. “It seems appropriate to me that Banxico respects the timing established by the law.”
Lopez Obrador had said that he would ask about a possible advance payment on that funding in a morning press conference on Thursday. In a tweet after the meeting, the president said that discussions were cordial and that he had reiterated his absolute respect for the central bank’s independence.
Source: bloomberg.com
Comments
more recommended stories
Public apology to Yucatecan journalist sets historic precedentIn an event that marks a.
Quintana Roo entrepreneurs go out in search of foreign investmentIn Chetumal, merchants are preparing to.
Burglary wave shakes up San Crisanto, YucatanThe affected people call for greater.
New giant radio galaxies offer new insight of the universeRadio galaxies get their name from.
Record breaking Cold streak in the PeninsulaAccording to UADY, there have not.
I will continue to use Facebook as long as they do not censor me: AMLOPresident Andrés Manuel López Obrador assured.
The US says there is uncertainty about Mexico’s regulatory process, especially in the energy sectorThe administration of Donald Trump warned.
Covid rebound in Mérida and the rest of YucatanThis Sunday, January 17, there was.
Mexico accepts reduction of Pfizer vaccines and to allocate them to poor countries: AMLOPresident López Obrador reported that his.
Doctor in charge of Covid-19 vaccination campaign in Mexico resignsEl Universal (January 18, 2021).- Dr. Miriam.
BUSQUE A UN MÉDICO
Leave a Comment