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
Central Bank
A central bank is a country's monetary authority responsible for issuing currency, setting monetary ...
MXN
Mexican Peso
MXN is the official currency of Mexico. It's the most traded currency in Latin America and among the...
SPEI
Sistema de Pagos Electronicos Interbancarios
SPEI is Mexico's real-time gross settlement (RTGS) electronic interbank payment system. It enables r...
Interest
Interest is the cost of borrowing money or the return earned on deposited funds, typically expressed...
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