Agencia EFENovember 6, 2013 15:01
Mexico City, Nov 6 (EFE).- Mexico's foreign reserves dropped by $208 million last week to $174.05 billion, the Bank of Mexico said.
Foreign reserves grew by $10.53 billion from Dec. 31, 2012, to Nov. 1, the central bank said in a statement.
The decline in reserves last week was caused by a change in the value of foreign assets held by the central bank, monetary officials said.
The money supply expanded by 18.88 billion pesos (about $1.45 billion) to 785.57 billion pesos (some $60.42 billion) last week, an annualized growth rate of 5.2 percent, the Bank of Mexico said.