Remittances to Mexico Rise Nearly 8 Percent Agencia EFE
go to original July 3, 2014

MEXICO CITY - Remittances sent to Mexico by emigrants totaled $9.58 billion in the first five months of 2014, up 7.89 percent compared to the same period last year, the Bank of Mexico said.

Mexico received $8.87 billion in remittances during the January-May 2013 period, the central bank said in its monthly report.

The average remittance was $293.72 in the January-May period, up slightly from the $293.58 average registered in the same period last year, the central bank said.

The number of transactions increased 7.85 percent to 32.62 million, with the majority of remittances sent via electronic funds transfers, the central bank said.

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