EFE
Mexico's foreign reserves rose by $990 million last week to $188.26 billion, the Bank of Mexico said.
Gold and foreign currency reserves increased in the week ending May 30 mainly due to a sale of dollars by state-owned oil giant Petroleos Mexicanos, or Pemex, to the central bank.
Reserves have grown by $11.74 billion since Jan. 1, the Bank of Mexico said in a statement.
The M1 money supply, which includes currency, coins and demand deposits, expanded by 11.51 billion pesos (about $889 million) to 875.56 billion pesos (some $67.61 billion) last week, the central bank said.
The money supply, however, has contracted by 42.31 billion pesos ($3.26 billion) since Jan. 1.
EFE
Gold and foreign currency reserves increased in the week ending May 30 mainly due to a sale of dollars by state-owned oil giant Petroleos Mexicanos, or Pemex, to the central bank.
Reserves have grown by $11.74 billion since Jan. 1, the Bank of Mexico said in a statement.
The M1 money supply, which includes currency, coins and demand deposits, expanded by 11.51 billion pesos (about $889 million) to 875.56 billion pesos (some $67.61 billion) last week, the central bank said.
The money supply, however, has contracted by 42.31 billion pesos ($3.26 billion) since Jan. 1.
EFE
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