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.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest

In critical condition musician David Cassidy, from the series “The Partridge Family”

The actor and American musician David Cassidy, who starred in the 1970s television series "The Partridge Family", is hospitalized in critical condition in a...

ACLU asks Google and other firms not to sell facial recognition to the Government

The United States Civil Liberties Union (ACLU) today asked Microsoft, Amazon and Google to pledge not to sell their facial recognition technology to the...

Boricuas arrive in Miami to appease blackouts and heat after Maria step

Puerto Ricans arrived in Miami on one of the first flights that left the island after Hurricane Maria to calm the lack of electricity,...

Curry and Thompson lead the triumph of the Warriors

Stephen Curry had 27 points and Clay Thompson added 24 as attack leaders for the Golden State Warriors, who beat the New Orleans Pelicans...

Maduro assures that Colombia is preparing attacks against Venezuela by the end of the year

The president of Venezuela, Nicolás Maduro, denounced this Monday that "there are mercenaries trained under the financing of the president of Colombia, Iván Duque",...