Int'l reserves of Mexico central bank drop by some $250 mln

• Source: Xinhua
• [16:36 August 05 2009]
• Comments

The Central Bank of Mexico on Tuesday reported a drop of 246 million US dollars in its international reserves due to an increase of near-term debt.

The debt increase of 27 billion pesos (about 2.1 billion dollars) wiped out a rise in gross international reserves of more than 1.8 billion dollars last week.

Also in last week, the state-run oil giant Petroleos Mexicanos sold 1.2 billion dollars to the central bank.

The bank earned 873 million dollars in interests on international assets. It sold 250 million dollars to financial institutions as parts of the regular dollar auctions.