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
Fonatur accused of logging more than 144 hectares of forest land for the Tren MayaMÉRIDA, MX.- Civil associations have joined.
Yacht catches fire on the high seas off the shore of CelestúnThe yacht “Juan Pablo” at the.
Mauricio Vila promotes Yucatan during the meeting of governors with the United States AmbassadorVillahermosa, Tabasco, (October 21, 2021) .-.
Greenpeace asks Profepa to investigate alleged illegal planting of transgenic soybeans and corn in CampecheMÉRIDA, MX.- The international group Greenpeace.
Fossil stuck in 100 million-year-old amber is oldest “true crab” ever discoveredIn 2015, two researchers stumbled across.
We still have five weeks left to 2021 hurricane seasonThe 2021 hurricane season hasn’t been.
Increased feeling of insecurity among Merida residents (INEGI)Mérida, Yucatán.- Insecurity perception indexes throughout.
FGE arrests two men for child abuse in YucatanMÉRIDA, Yucatán, (October 21, 2021) .-.
Agustín Gusto, the first wine produced in Valladolid, YucatánValladolid, Yucatán.- The Agustín Gusto restaurant,.
Mérida’s 2022 municipal budget proposal is readyMerida will prioritize health services, security.
Leave a Comment