Wednesday, 2 November 2011

Mexico logs biggest 12-month gain in remittances since 2006

Mexico received $2.08 billion in remittances last month, up 21.2 percent from September 2010 for the biggest 12-month increase since October 2006, the country's central bank said Tuesday.
In the first nine months of the year, remittances amounted to $17.28 billion, 6.6 percent more than during the same period in 2010.

Remittances are Mexico's No. 2 source of revenue after oil exports and constitute a lifeline for many families.

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