Thursday, July 18, 2024

Logo Central America Link

Remittances to Mexico hit $2.5 billion in March

Wednesday, May 3, 2017


Cash transfers to Mexico jumped 15 percent in March compared to the same period last year, making the month one of the biggest ever recorded for transfers sent by individuals to friends and family abroad.

Mexicans received $2.5 billion in remittances, in March compared to $2.2 billion a year earlier, according to Mexico's central bank. The March take is the third largest in U.S.-Mexico remittance history, after October 2008 ($2.6 billion) and May 2006 ($2.5 billion).

Source: The Hill