Remittances to Mexico Are Growing at Record Rate Mexico News Daily
go to original March 2, 2016

Mexico gained more money from remittances than from oil sales in 2015 (CCTV America)

January remittances of funds by Mexicans working abroad shot up nearly 19% over the same month last year, reaching a total of 1.9 billion pesos, or US $106 million, according to the Bank of México.

It was the biggest January increase for money sent home since 2006 when the total was up 29%, and the biggest January total ever recorded. The figure was down 12.5% from December.

The average amount sent was $298, up 6.8% from $279 the year before.

Most remittances are sent by Mexicans living in the United States, whose number has been estimated to be 11 million.

Read the rest at Mexico News Daily

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