Bank of Mexico

The Bank of Mexico (Banxico) is Mexico's central bank. It conducts monetary policy, issues the Mexican peso, and preserves currency stability.

It operates the SPEI system for domestic electronic transfers. Official site: Bank of Mexico.

Related Terms

A central bank is a country's monetary authority responsible for issuing currency, setting monetary ...

Mexican Peso

MXN is the official currency of Mexico. It's the most traded currency in Latin America and among the...

Sistema de Pagos Electronicos Interbancarios

SPEI is Mexico's real-time gross settlement (RTGS) electronic interbank payment system. It enables r...

Interest is the cost of borrowing money or the return earned on deposited funds, typically expressed...

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