With the reform approved by the Plenary of the Senate for the Central Institute to capture dollars in cash, there is a danger of becoming infected with high-risk operations that may compromise the availability of assets in international reserves, warned Banco de México (Banxico).
In a statement issued tonight, he reiterated that with the changes to the Banxico Law, endorsed this Wednesday, violates autonomy that the Political Constitution of the United Mexican States confers on this Central Institute for the exercise of its functions
He pointed out that even though an analysis table was set up with the Finance Commission and financial authorities to review the initiative and alternative solutions, they were not taken into account.
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“The draft decree would oblige the Central Bank to carry out high-risk active operations that could compromise the availability of international assets in reservation and compliance with the constitutional mandate to preserve the purchasing power of the national currency, “he warned.
In addition, it warned that the competent authorities in the prevention of money laundering, agree on the effects that the project would cause in the standards that the Finance system It must establish when operating with foreign notes and coins, that they are considered high risk, as well as the contagion of said risk to the Central Bank.
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This could lead to foreign authorities imposing restrictions on financial institutions in their country and offering correspondent services to Mexican institutions to process the foreign currency that the latter capture, as well as limitations on operations and agreements entered into with the Banco de Mexico, he pondered.
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