Mexico’s International Reserves Rise

Banxico says that as of November 28, Mexico’s international reserves are up by $5.4bn compared to the end of 2007, at $83.4bn. Between November 24 and 28 alone, reserves increased by $2.4bn, driven by $1.2bn in currency sales, Pemex’s $600m in currency sales to Banxico and other operations worth $585m.