Gold and foreign currency reserves rose in the week ending Nov. 7 mainly due to a sale of dollars to the federal government and a change in the value of the central bank’s foreign assets.
Get our news delivered to your inbox every morning. Click here to signup
The M1 money supply, which includes currency, coins and demand deposits, expanded by 1.3 billion pesos (about $96.4 million) to 909.91 billion pesos (some $67.4 billion) last week, the central bank said in a statement.
The money supply has contracted by 7.96 billion pesos ($590 million) since Jan. 1.