(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.
more recommended stories
Sea turtle nesting in Campeche on the rise
Mèrida, Yucatàn, (May 11, 2021).- Just.
Hubiku Cenote & Tourist Center the perfect spot to visit next weekend
Hubiku offers you a restaurant area.
On the same day, AMLO accuses the US of funding group and holds online meeting with Vice President Harris
MEXICO CITY — Just before an.
Sexual exploitation network is detected in 5 municipalities of Guanajuato
In the State of Guanajuato there.
6 incredible activities to do in San Miguel de Allende
From historic churches to thermal waters,.
Kanasín candidate denounces death threats against herself and her family
Mérida, Yucatán, (May 11, 2021).- “I.
General Archive of Yucatán: 10 million historical documents
The General Archive ensures the administration.
4 babies were born on May 10th, Mother’s Day, in the state of Yucatan
Mèrida, Yucatàn, May 11, 2021 (SIPSE).-.
The Maya community, without electoral representation in Yucatan
YUCATÀN, (May 11, 2021).- “The political.
The INAH closes the Tulum Archaeological Zone due to a case of Covid-19
(La Jornada Maya) Tulum, Quintana Roo,.