Mexico City, or the City of Mexico (Spanish: Ciudad de México  audio (help·info) American Spanish: [sjuˈða(ð) ðe ˈméxiko]; abbreviated as "CDMX"), is the capital of Mexico. As an "alpha" global city, Mexico City is one of the most important financial centers in the Americas. It is located in the Valley of Mexico (Valle de México), a large valley in the high plateaus at the center of Mexico, at an altitude of 2,240 metres (7,350 ft). The city consists of sixteen municipalities (previously called boroughs).