Remittances to Mexico Rise in May to Highest Level since October ‘08

Ricardo Lopez, Los Angeles Times, July 3, 2012

Signaling an improved labor market, remittances to Mexico rose in May, its highest level since October 2008, Mexico’s Central Bank reported this week.

Remittances, or money wired abroad by immigrants, totaled $2.34 billion in May, up 7.8% from the previous May.

And the average amount per transaction, $329.21, was up in May by 3.7% from a year before. {snip}

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The uptick bodes well for Mexico, where remittances are the nation’s second-largest source of foreign exchange, behind petroleum sales.

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  • vladimir1861

    Never accept the lie that low IQ, unskilled Mexicans illegals are forced to come to the United States to work hard to provide food on the table for their poor Mexican families.

    Mexico is the 2nd most obese country in the world. Poor Mexicans need to take food “OFF” the table and stop being so fat. The only country with a higher obesity rate than Mexico is the United States – thanks in great part to the millions of even more obese Mexican Americans.

    • ageofknowledge

      Mexican birth rates are actually higher here in the U.S. where they have lavish access to social welfare and services than in Mexico.

  • frederickdixon

    So if the amount remitted has gone up by 7.8% in twelve months, but the average remittance has gone up by only 3.7%  then there must be more people sending remittances, must there not?..or have I managed to get hold of the wrong end of the stick? I thought that immigration from Mexico was supposed to have stopped.

    • Just another lie by obama, nobdoy went home.

      • The__Bobster

        This proves that the open borders traitors were lying when they said the invaders were returning home because they couldn’t find work here.

  • Mexico has a billion reasons to send their illiterate peasants north to invade our country! Mexico is making out like the bandito it truly is!

  • These invaders send billions home to their beloved mexico, while drawing welfare on behalf of their anchor babies. 2.34 billion dollars that American citizens were deprived of earning and 2.34 billion dollars that will not be infused into our economy. When does this insanity end!

  • JackKrak

    How does a country receive billions, month after month, year after year and still stay the same desperate hellhole it has always been?

  • Southern__Hoosier

    And that was before Chairman Obama declared amnesty  for illegals.