Remittances sent to Mexico increase 6.42% in the first seven months of 2017

Mexico received US $ 16.406 billion from its citizens living abroad in the first seven months of the year, an increase of 6.42% over the same period in 2016, the central bank said on Friday.

In the January-July period, the average remittance was $ 306, higher than $ 294 for the same period in 2016, and the number of operations increased from 52.52 million to 53.70 million, most of them electronic transfers.

In July alone, Mexico received $ 2,459.71 million, up from $ 2,248.62 million in 2016 and $ 2,417 million in the previous month.

Last year, the country received 26,993 million dollars from its citizens residing abroad, an increase of 8.91% over 2015 and the highest figure of the last 20 years.

Remittances, which mainly come from Mexican emigrants in the United States, represent Mexico’s second largest source of foreign exchange after automotive exports and constitute an important income for millions of people.


Please enter your comment!
Please enter your name here


Thousands Celebrate in Miami the Virgin of Charity of Copper, patroness of Cuba

Thousands of Catholic parishioners today celebrated the feast of the Virgin of Charity of Copper, the patroness of Cuba, with a procession and a...

Haiti’s president-elect faces daunting challenges

Port-au-Prince (AFP) - Jovenel Moise, the winner of Haiti's presidential elections, now faces the daunting challenge of leading a desperately poor and politically-divided Caribbean...

Chayanne finalizes the start of his tour, which will begin in the US on the 23rd

The Puerto Rican singer Chayanne finalizes the preparations for the beginning of his next tour, DesdeelAlmaTour with CHAYANNE, that will begin the next day...

Fernando Alonso discreetly begins the official tests

Indianapolis (USA), - The Spanish driver Fernando Alonso started this afternoon the preparation tests for the 103 edition of the Indianapolis 500 and did...

Democrats guarantee a law for DACA and TPS holders to be citizens

Washington, DC - The Democratic caucus in Congress today guaranteed the creation of a bill so that those covered by the Deferred Action for...