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Sovereign Wealth Funds Briefing - Categorized | Reserve Currencies

Mexico’s foreign reserves fall by $1.5 billion

Posted on 12 February 2009

From Svherald.com: Mexico’s federal reserves fell $1.5 billion in the past week due to central bank intervention to stop the fall of the battered peso, the bank said.

The bank sold $1.06 billion directly to banks over a three-day period last week to boost the peso after it dropped to a record low of 14.6 on Feb. 3. It spent another $400 million auctioning off reserves, and $86 million on other, unspecified actions. Federal reserves now stand at $82 billion, the bank said….. Full Article: Source


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