Regulatory Alerts2015-03-11 | Circular 5/2015Added
Circular 5/2015 — Modifies Circular 6/2009
The Bank of Mexico modifies Articles 1, 4, and 5 of the terms for US Dollar Sales Auctions Without Minimum Price established in Circular 6/2009. The amendments authorize daily auctions of US dollars without a minimum price, determined by expected international reserve accumulation, with assignments deposited into designated accounts by the next banking business day following allocation. If not all offered dollars are assigned, the Bank may hold additional auctions for the remaining amount. These changes apply to credit institutions and entered into force on March 11, 2015.
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