Bumped ..related articles .. Links to Articles ~ North American Union
May 2011 ~ Mexican central bank buys 100 tonnes of gold November 29, 2011
Mexico's Central Bank to Back Peso Mexico's central bank will begin selling dollars to support the peso on days the currency comes under heavy pressure, a move that shows how Europe's financial crisis is forcing even the most orthodox central banks to become more active in the markets.
Continues ...read more ..
The Bank of Mexico will sell as much as $400 million a day in the exchange market on days when the peso is 2% weaker than the previous session, the country's foreign exchange commission said on Tuesday. The commission is made up of members of the Bank of Mexico and the Finance Ministry.
The decision to reinstate dollar sales, which had not been used here since the last global financial crisis in 2008-2009, comes after the peso recently fell to its weakest level against the U.S. dollar since March 2009, largely as a result of risk aversion brought on by the debt crisis in Europe.
The peso rallied on the news to 13.76 in late afternoon trade compared to 14.05 at the close Monday.
Mexico's central bank has a reputation as a very conservative institution that tends to shy away from signaling a price for the peso. Rather, it tends to let the markets set the price.
read full article @ link
Bumped ... Links ~ Mexico and U.S. 
November 30, 2011
Statement by IMF Managing Director Christine Lagarde at the Conclusion of her Visit to Mexico
Press Release No. 11/435
Ms. Christine Lagarde, Managing Director of the International Monetary Fund (IMF), made the following statement today in Mexico City:
“It is a great pleasure to be in Mexico on my first visit to this country as Managing Director of the IMF. I have had the honor of meeting with President Felipe Calderón, Finance Minister José Antonio Meade, Central Bank Governor Agustín Carstens, as well as some of Mexico’s leading female executives.
Continues ...read more ..
“My visit coincides with Mexico becoming the Chair of the Group of 20 and assuming a major role in forming the policy agenda for the G20 in the next 12 months. I am convinced the G-20 will be well served over the coming year by this spirit of constructive multilateralism, and also by Mexican initiative and strong experience
“In our discussions today, President Calderón outlined Mexico’s ambitious G20 agenda, including putting a stop to the debt crisis in Europe, achieving medium term fiscal consolidation in advanced economies, global rebalancing, and supporting reforms that strengthen the role of the IMF. I am confident that under Mexico's leadership the G-20 will be effectively contributing to the global agenda.
“We also reviewed economic developments in Mexico. The rapid economic recovery after the global crisis is a testament to its strong fundamentals and the authorities’ skillful policy management. Mexico’s resilience has underpinned sustained growth and employment creation.
“At the same time, risks from unsettled global conditions remain, and even strong countries like Mexico could be affected. Mexico has room to contain the potential fallout, but should intensify reforms to boost growth and increase its competitiveness, particularly in an external environment of protracted low activity.”
link
May 2011 ~ Mexican central bank buys 100 tonnes of gold 
