Posted on May 4, 2011

Remittances to Mexico Rise 5% in 1st Quarter

Latin American Herald Tribune, May 2, 2011

Emigrants’ remittances to Mexico increased 5.48 percent between January and March over the same period in 2010, Mexico’s central bank said Monday.

In the first three months of the year, remittances from outside the country rose to nearly $5.1 billion, a jump from the $4.83 billion in the first three months of 2010.

In the first quarter there were 15.7 million transfers, 1.9 percent more than in the same period the year before.

Mexico’s central bank said that remittances in March totaled $2.05 billion, significantly ahead of the $1.65 billion in February.