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(CA13) - Information on Banco de Mexico's International Assets



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Information on Banco de Mexico's International Assets
(Millions of Dollars)

Stocks Last month Previous month Last observation previous year One year ago
(Aug 2019) (Jul 2019) (Dec 2018) (Aug 2018)
Net international assets 1/ 189,384.3 187,979.2 176,411.8 176,533.5
International reserve 2/ 180,377.0 179,006.5 174,792.5 173,606.1
       Cumulative flows
Flows 3/ Last month Previous month Current year Last 12 months
Net international assets 1,405.1 1,740.6 12,972.5 12,850.8
Determined by:        
     PEMEX -133.5 145.6 18.5 -173.1
     Federal Government 47.3 1,420.2 7,319.0 7,093.2
     Foreign exchange market operations 4/ 0.0 0.0 0.0 0.0
     Others 5/ 1,491.2 174.8 5,635.0 5,930.7

1/ Net International Assets are defined as Official Reserve Assets (see Data Template on International Reserves/ Foreign Currency) plus other foreign currency assets (see also Data Template) comprising credit agreements granted by Banco de México to foreign central banks due in more than six months, minus the outstanding stock of debt with the IMF and credit agreements received by Banco de México from other central banks due in less than six months. It also includes the variation, measured in U.S. dollars, of the mark to market value of committed and unsettled transactions involving foreign currencies conducted by Banco de México.
2/ According to Article 19 of Banco de México’s Law the International Reserve is composed by the foreign currency and gold, property of the Central Bank, that are free of all lien and whose availability is not subject to any restriction; the amounts resulting from the difference between Mexico's participation in the IMF and the balance of unpaid contributions to said institution that are payable by the Bank, when this balance is less than the aforementioned participation, and the foreign currency procured through financing obtained for exchange regulatory purposes from the legal entities referred to in Article 3 Section VI from this Law. To determine the amount of the reserve, the foreign currency not yet received from the sale of domestic currency will not be taken into consideration; and the Bank's liabilities in foreign currency and gold, except for those liabilities with maturities over six months and those corresponding to the financing referred, will be deducted.
3/ The difference between Net International Assets and International Reserve flows is explained by the net variation of short-term and IMF liabilities. Short-term liabilities correspond to deposits in U. S. dollars that the Federal Government and Pemex, among others, hold in this Institution.
4/ Peso-Dollar (non-discretionary and discretionary) operations conducted by Banco de Mexico in the foreign exchange market.
5/ Includes: the net income from accrued and paid interests generated by the official reserve assets’ investments; the change in the mark to market valuation (in terms of U.S. dollars) of positions in non-U.S. dollars currencies that are part of the official reserve assets; the net income from buying-selling operations of securities, foreign currencies or gold generated in the process of managing the international reserves; and variation in the amount of U.S. dollar-denominated deposits maintained by Mexican commercial banks at Banco de Mexico.