MBA Mexico

Money and Finance

The Mexican peso ($) is the Mexican official currency. The Mexican coins are manufactured by the Casa de Moneda of México.

The January 1, 1993 Mexico issued the "Nuevo peso" (N$), 3 zeros were removed from the value, that is to say $1000 pesos are equal to 1 Nuevo peso (N$).

This way from 1993 at 1996 was used of indistinct way the pesos and the new pesos, until the use of the previous currencies was phased out and changed of denomination again in 1996 of the new peso to peso.

Banking in Mexico & Transfers of founds The banking system of Mexico has a monetary policy that it is a group of actions with the objective to have influence on interest rates and the public's expectations, in order that the evolution of the prices be congruent for the sake of maintaining a surroundings of low and stable inflation....

Taxes The Mexican fiscal system is inefficient, for that reason, Mexico is in the position 80, of 131 countries, in the index of Extension and effect of the taxes that the World Economic Forum (WEF) carried out....

Mortgages In Mexico many banks offer facilities to the mortgage. For example, they accept your Fonavit credit (that Government's workers and registered in the IMSS have it)...

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