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Mexico Central Bank to Sell Up to 105 Billion Pesos of Cetes

Mexico’s central bank plans to sell as much as 105 billion pesos ($8.2 billion) of Treasury bills next week as part of its efforts to manage the amount of cash in the financial system.

The auction of the government bills, known as Cetes, is scheduled for March 7, the central bank said today on its website. Policy makers plan to sell as much as 50 billion pesos of 98-day notes and 54.8 billion pesos of 336-day securities.

The bank has been auctioning Cetes once per quarter to help control the money supply since December 2010.

To contact the reporter on this story: Ben Bain in Mexico City at bbain2@bloomberg.net

To contact the editors responsible for this story: David Papadopoulos at papadopoulos@bloomberg.net

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