Thursday 4 June 2009

Remittances to Mexico down sharply

In another blow to Mexico's economy, the central bank reports the largest monthly decline yet in the amount of money Mexicans working abroad send home. Remittances for April are down 18.6%.


By Tracy Wilkinson
June 2, 2009


Reporting from Mexico City -- Mexico's reeling economy received another jolt of bad news Monday with reports of the largest monthly decline yet in the amount of money Mexicans working abroad send home.

Remittances for the month of April totaled about $1.7 billion, 18.6% less than the $2.1 billion recorded in April 2008, Mexico's central bank said. Read more

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