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Mexico remittances nearly $25 billion in 2015

Wednesday, February 3, 2016


The Mexican central bank reported that money sent home by Mexicans overseas hit nearly $24.8 billion last year, overtaking oil revenues for the first time as a source of foreign income.

Remittances were up 4.75 percent from 2014 when they totaled $23.6 billion, the Bank of Mexico said. They had never before surpassed petroleum since the Bank of Mexico began tracking them in 1995.




Source: Associated Press