Mexican remittances riseJuly 3rd, 2012 - 12:05 pm ICT by IANS
Mexico City, July 3 (IANS/EFE) Remittances from Mexicans living abroad climbed 7.8 percent in May compared with the same month in 2011, the central bank has said.
Last month’s total was $2.34 billion, above the $2.17 billion registered in May 2011.
In May, there were 7,096 transactions, 3.97 percent more than in May 2011, when there were 6,825.
Mexico’s central bank said Monday that in May the amount of the remittances received increased by 15.32 percent over April, when $2.03 billion had been received.
The average size of the cash transfers to Mexico was $329.21, 3.7 percent larger than the $317.38 that was sent in each transaction in May 2011.
Remittances are Mexico’s second-largest source of foreign exchange and help cover the living expenses of millions of households.
Most of the remittances are sent from the US, where an estimated 12 million Mexicans live, about half of them undocumented migrants.
- Remittances to Mexico rise - May 03, 2012
- Mexican remittances go up - Aug 02, 2012
- Remittances to Honduras increases - Jul 17, 2012
- Salvadoran remittances rise - Mar 24, 2012
- Mexico's foreign reserves rise - Apr 04, 2012
- Mexico's 2011 growth outlook improves - Dec 02, 2011
- Remittances to Mexico down 15.7 percent in 2009 - Jan 29, 2010
- Remittances to Mexico down 12 percent - Apr 29, 2010
- US had 11.5 mn undocumented immigrants in 2011 - Mar 26, 2012
- Mexico logs biggest 12-month gain in remittances - Nov 02, 2011
- Mexico's central bank raises growth forecast - Feb 10, 2011
- Mexican oil giant sells $327 mn in bonds - Mar 14, 2012
- Mexico lost $872 bn to illegal capital flight: Study - Jan 31, 2012
- Mexico's tourism activity grows - Aug 15, 2012
- Mexico's economy to grow in range of four-five percent - May 13, 2011