Saturday, 1 August 2009

MEXICO: Mexican Households Getting Remittances Down 15 Percent

MEXICO CITY – The number of Mexican homes that received remittances from abroad fell by 14.8 percent between 2006 and 2008, BBVA Bamcomer said in a report released Monday.

During that period, more than 275,000 families “stopped counting on this important source of income,” said the Spanish-owned bank in an analysis of the Mexican government’s 2008 National Household Incone and Expenditures Survey, or ENIGH.

Thus, if in 2006 a total of 1.86 million families received remittances, in 2008 that figure fell to 1.58 million.

Remittances – overwhelmingly from the United States – constitute Mexico’s No. 2 source of revenue after oil exports. Read more

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