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CEMLA s Central Bank Governors Meeting, co-organized and hosted by Banco de la República, concluded

CEMLA s Central Bank Governors Meeting, co-organized and hosted by Banco de la República, concluded
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Remittances to Mexico hit US $5 5B in August, up 9 3% this year

Remittances had their best August ever recorded, but the strong peso and inflation have impacted purchasing power.

Remittances to Mexico break records for first half of year

Remittances sent home by Mexicans totaled US $30.2 billion for the first half of 2023 an all-time high, according to the Bank of Mexico.

Monthly remittances from U S to Mexico drop to $4 8 billion in November; funds play important role in Mexico s economy | Lauren Jessop

Remittances to Mexico from family members in the U.S. are a big factor in Mexico's economyPhoto byChristine RoyonUnsplash. Every year, billions of dollars are sent to Mexico by relatives living and working in the United States. So much so, it is the country’s second largest source of income from abroad, second only to automotive exports. This may factor into Mexico’s half-hearted effort in preventing Mexicans from illegally crossing the border into the United States. The remittances are a big part of their economy.

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