Regulatory Alerts2008-07-29 | Circular 32/2008Added
Circular 32/2008 — Auctions for the Sale of United States Dollars
The Bank of Mexico suspends the scheme for the sale of United States dollars, effective August 1, 2008, until further notice, to compensate for a decrease in international asset reserves caused by an $8 billion sale to the Ministry of Finance. This suspension replaces the daily foreign exchange sales announced for August through October and revokes Circular-Telefax 18/2003 and its modifications. The measure applies to all credit institutions in the country.
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