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The Bank of Mexico manages reservemoney through weekly open market operations.
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Before the financial crisis, reservemoney consistently led broad money growth, the central bank's key monetary gauge.
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Between 2000-2007 the annual change in reservemoney had a 0.6 correlation with the year-on-year change in M3.
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The IMF will review performance against quarterly targets for net domestic financing, net reserves and reservemoney before releasing the next tranche, Weerasinghe said.
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Federal Reservemoney-printing has debased the world's reserve currency.
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The SEC's proposal puts the $115 billion Fidelity Cash Reservesmoney market fund, for example, squarely in the crosshairs of reform.
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Its appeal is hurt by a rising dollar, the imminent end to Federal Reservemoney-printing and the eventual approach of higher U.S. interest rates.