Regulatory Alerts2008-12-09 | Circular 62/2008Added
Circular 62/2008 — Modifies Circular 2019/95
The Bank of Mexico amends section M.71.21.6 of Circular 2019/95 to establish the annual interest rate paid on daily balances of US dollar deposits held by multiple banking institutions. The applicable rate is the greater of zero or the difference between the Bank's average daily interest rate from international overnight US dollar investments and 0.125 percentage points. This modification applies to multiple banking institutions and entered into force on December 9, 2008.
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