Thursday, 16 September 2010

MEXICO: Migrant Dollars Lag

Migrant remittances to the six northern Mexican border states showed a mixed record during the first half of 2010, according to figures from the official Bank of Mexico (Banxico) quoted in an El Paso newspaper. While Baja California, Sonora and Chihuahua registered increases in comparison with the same period of 2009, the states of Coahuila, Nuevo Leon and Tamaulipas all recorded decreases.

For the first six months of 2010, Chihuahua led the border pack in terms of migrant dollars received, registering the capture of $211.9 million. Still, the dollar total was only $200,000 more than the first semester of 2009’s remittances. Counting $131.3 million in remittances, Coahuila came in at the bottom of the list for the first six months of 2010.

Taken as a whole, the northern border region experienced a slight dip in remittances when comparing the first half of 2010 with the same months of 2009. Although about $1.023 billion was received last year, the number dropped to approximately $1.019 billion this year. Read more

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