EFE
Mexico's foreign reserves rose by $110 million last week to $186.19 billion, the Bank of Mexico said.
Gold and foreign currency reserves increased in the week ending May 9 mainly due to a rise in the value of assets held by the Bank of Mexico.
Reserves have grown by $9.67 billion since Jan. 1, the Bank of Mexico said in a statement.
The M1 money supply, which includes currency, coins and demand deposits, contracted by 12.22 billion pesos (about $943 million) to 861.06 billion pesos (some $66.44 billion) last week, the central bank said.
The money supply, however, has contracted by 56.81 billion pesos ($4.38 billion) since Jan. 1.
Gold and foreign currency reserves increased in the week ending May 9 mainly due to a rise in the value of assets held by the Bank of Mexico.
Reserves have grown by $9.67 billion since Jan. 1, the Bank of Mexico said in a statement.
The M1 money supply, which includes currency, coins and demand deposits, contracted by 12.22 billion pesos (about $943 million) to 861.06 billion pesos (some $66.44 billion) last week, the central bank said.
The money supply, however, has contracted by 56.81 billion pesos ($4.38 billion) since Jan. 1.
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