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Mexico's foreign reserves rise by $1.15 billion

Wednesday, March 5, 2014


Mexico's foreign reserves rose by $1.15 billion last week to $180 billion, the Bank of Mexico said.

Gold and foreign currency reserves increased in the week ending Feb. 28 mainly due to the sale of $1 billion by state-owned oil giant Petroleos Mexicanos, or Pemex, to the Bank of Mexico.

Reserves have grown by $4.33 billion since January 1, the Bank of Mexico said in a statement.



Source: Fox News Latino