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Monday, July 15, 2019
06:05 PM
Mexico Central Time
MARKETS AND DATA: US Dollar: $12.65 Euro: $16.78 Gold: US$1,327 Silver: US$20.39 Mex Crude: US$102.50 Cetes 28: 3.85%

posted 2009-10-14
The Peso is getting stronger
The US Dollar is facing weakness in the markets. In the meantime, the Mexican Peso strengthens to $13.18 Pesos per US Dollar -a level not seen since the past year-.

posted 2009-09-15
Expanding International Reserves
The Mexican Central Bank reported the accumulation of US$77,005 millions of international reserves on September 11, 2009; for the first time in 2009 the balance reports its third session in a row with growth.

posted 2009-09-01
International Reserves going up
The Mexican Central Bank reported the accumulation of US$76,375 millions of international reserves at the end of August 2009; this figure represents a significant rise since last week and recovers the reserves to the levels experienced in last May. The reason: an import injection of funds from the IMF.

posted 2009-07-31
GDP declined 10.4% in second quarter
The Mexican economy continued to shrink in the second quarter making this period the worst downturn since the beginning of the world economic crisis. Preliminary Central Bank figures estimated that Mexican GDP declined by an annualized rate of 10.4% in the second quarter, after declining by a 8.2% during the first three months of the year.


Calderon Plan to Raise Taxes

October 16, 2009. 14:02

The Mexican Government intends to raise taxes as a response to the budget hole created by the world economic crisis.

The debate is now in the Congress with the rejection of the left wing parties and the partial acceptance of the centrist PRI and the full support from the Government right-wing party PAN.

Industrials and business organizations have expressed their negative to this initiative, arguing that new taxes will slow down the economic recovery.

The image aside shows the Government proposal under discussion.

DoingBusinessInMexico Staff
Published: October 16, 2009. 14:02 | Last updated: October 16, 2009. 14:02
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