The Bank of Mexico (Spanish: Banco de México), abbreviated BdeM or Banxico, is Mexico's central bank, monetary authority and lender of last resort. The Bank of Mexico is autonomous in exercising its functions, and its main objective is to achieve stability in the purchasing power of the national currency.Plans for a national bank of Mexico began as early as the Mexican Empire of Agustín de Iturbide with his idea of a Gran Banco del Imperio Mexicano (Grand Bank of the Mexican Empire).[2] This idea was never pursued, instead, credit was generally issued by religious orders or trading guilds.