Outgoing Mexican Finance Secretary Arturo Herrera Gutiérrez. Photo: Google


Mexican Finance and Public Credit (SHCP, or Hacienda) Secretary Arturo Herrera Gutiérrez was nominated by President Andrés Manuel López Obrador (AMLO) on Wednesday, June 9, to assume the role of  governor of the Bank of Mexico (Banxico), replacing the bank’s current head, Alejandro Díaz de León.

Herrera must now be approved by the Mexican Senate.

Díaz de León will complete his stint as Banxico’s governor in December of this year.

AMLO, who has had a number of disagreements with Díaz de León, particularly over the bank’s sovereignty, said earlier this month that he wanted to appoint “an economist with a social conscience, someone in favor of a moral economy” to the post.

Herrera will be replaced at the SHCP by Rogelio Ramírez de la O, one of AMLO’s close economic consultants.

The cabinet shuffling was expected following the midterm elections on Sunday, June 6.

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