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Mexico's foreign reserves rise

Mexico,Business/Economy, Wed, 04 Apr 2012 IANS

Mexico City, April 4 (IANS/EFE) Mexico's foreign reserves rose by $1.1 billion in March to $150.26 billion, the Bank of Mexico said.

 

Foreign reserves grew by $2.1 billion in the last week of March alone, the central bank said.

 

The money supply was up 14.7 percent at the end of March, compared to the same month in 2011, to 723.84 billion pesos ($54.79 billion), the Bank of Mexico said.

 

The money supply, however, contracted by 39.64 billion pesos ($3 billion) during the first quarter of this year, the central bank said.

 

--IANS/EFE

 

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