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Banxico Marks Centennial With Coin and Stamped Notes as Leaders Reaffirm Single-Mandate Autonomy

Officials call price stability the bank’s best contribution to broad-based growth.

Overview

  • Banxico released a limited two‑ounce .999 silver coin with a 10‑peso face value, struck by Casa de Moneda, now sold through authorized distributors including the MIDE.
  • The bank also put into circulation legal‑tender banknotes bearing the legend “100 Aniversario 1925‑2025,” available by exchange at participating banks across denominations of 50, 100, 200, 500 and 1,000 pesos.
  • The Governing Board stated unanimously at its quarterly report presentation that the constitutional single mandate should not be expanded, underscoring autonomy and price stability.
  • Subgovernor Galia Borja cited international experience, noting challenges of dual mandates in emerging economies and New Zealand’s 2023 return to a primary price‑stability focus.
  • President Claudia Sheinbaum said she will not pursue a broader mandate, while economists at BBVA and Banamex backed the current framework and pointed to its credibility.