Mexican remittances go up
August 2nd, 2012 - 1:05 pm ICT by IANSMexico City, Aug 2 (IANS/EFE) Mexicans living and working abroad sent home $11.85 billion in the first six months of the year, an increase of 6.2 percent from the same period in 2011, the country’s central bank said Wednesday.
The figure for June was $2.09 billion, up 3.5 percent from a year ago, the Banco de Mexico said.
Transactions totaled 36.4 million in the first half of 2012, a gain of 6.4 percent over last year, and more than 98 percent took the form of wire transfers.
The average payment in the January-June period was $331, compared with $326.51 during the first six months of 2011, according to the Banco de Mexico report.
Remittances from expatriates are Mexico’s second-largest source of foreign exchange after oil exports and help cover living expenses for millions of households. Most of the money is sent from the US, where an estimated 12 million Mexicans live, about half of them undocumented migrants.
–IANS/EFE
rd
- Remittances to Mexico rise - May 03, 2012
- Mexican remittances rise - Jul 03, 2012
- Remittances to Honduras increases - Jul 17, 2012
- Salvadoran remittances rise - Mar 24, 2012
- Remittances to Mexico fall 13 percent - Oct 30, 2009
- Remittances to Mexico down 15.7 percent in 2009 - Jan 29, 2010
- Remittances to Mexico down 12 percent - Apr 29, 2010
- Mexico's central bank raises growth forecast - Feb 10, 2011
- Mexico's 2011 growth outlook improves - Dec 02, 2011
- Remittances to Mexico fell 14 percent in November - Jan 05, 2010
- Mexico logs biggest 12-month gain in remittances - Nov 02, 2011
- US had 11.5 mn undocumented immigrants in 2011 - Mar 26, 2012
- Rise in foreign tourist arrivals in Mexico - Aug 16, 2011
- Mexico's central bank sells $281 mn to ease volatility - Jul 25, 2012
- Mexico's tourism activity grows - Aug 15, 2012
Tags: aug 2, banco de mexico, efe, foreign exchange, households, living expenses, mexicans, mexico city, mexico report, migrants, money, months of the year, oil exports, remittances, s central, six months