Banco De Mexico (Mexico)

Banco de México, commonly known as Banxico, is the central bank of Mexico, established on September 1, 1925, and headquartered in Cuauhtémoc, Mexico City. As an autonomous public institution, its primary mandate is to preserve the stability of the national currency’s purchasing power, ensuring low and stable inflation, and promoting the sound development of the financial system. Banxico is not a commercial bank and does not have shareholders; instead, it operates independently under the Mexican Constitution, with its governance led by a board of directors, currently chaired by Governor Victoria Rodríguez Ceja. The bank’s core functions include monetary policy implementation, currency issuance, management of international reserves, and oversight of payment systems. It is responsible for issuing the Mexican peso (MXN) and managing interest rate targets and exchange rate policies. Banxico’s most recognized “brand” is its role as the guardian of Mexico’s monetary stability, and it is widely respected for its transparency and technical rigor. Historically, its creation marked a turning point in Mexico’s financial modernization, replacing fragmented private banking practices with a centralized institution capable of managing national monetary affairs. As of 2025, Banxico employs over 2,700 people and manages international reserves exceeding $225 billion USD.