Mexican Finance Minister Rogelio Ramirez de la O stepped down on Friday in a widely expected move and was replaced by his deputy Edgar Amador, who vowed to maintain financial and economic stability.

Mexican Finance Secretary Rogelio Ramírez de la O, a holdover from the previous administration, resigned Friday for personal reasons and will be replaced by his deputy, President Claudia Sheinbaum said.

By Stefanie Eschenbacher and Cassandra Garrison MEXICO CITY (Reuters) -Mexican Finance Minister Rogelio Ramirez de la O has stepped down, two sources familiar with the matter said on Friday, having been appointed by the country's previous president Andres Manuel Lopez Obrador.

Mexico Finance Minister Rogelio Ramirez de la O has stepped down after more than three years as the country’s top budget official, President Claudia Sheinbaum announced in a video posted to social media Friday.