Puerto Vallarta News

Puerto Vallarta News

Mexicans Abroad Sent More Money Back to Mexico in 2014

Mexicans abroad sent home $23.6 billion in 2014, up from about $21.9 billion the year before. Remittances had dropped 3.7 percent in 2013 from the previous year.

Remittances are among Mexico's main sources of foreign income, along with oil exports.

Almost all of the remittances come from the more than 11 million Mexicans living in the United States, making the health of that country's economy key to what is sent back to Mexico.

"The remittances don't depend on the exchange rate, nor on business opportunities in Mexico, but rather completely on the condition of . . .

Read Full Story

Related Posts

puerto vallarta whale season

Puerto Vallarta whale watching is peaking right now

Puerto Vallarta whale watching is underway as humpbacks arrive to mate and calve. Learn what...
Mexico condemns Maduro capture

Mexico condemns Maduro capture and calls it illegal force

Mexico condemns Maduro capture after U.S. strikes in Venezuela, calling it illegal under the UN...
Gulf of California LNG

Gulf of California LNG faces fresh court injunctions

Gulf of California LNG lawsuits were accepted by federal courts, forcing agencies and the presidency...
Rosca baby tamales

You Found the Baby Now You Owe Everyone Tamales

Find the baby in the rosca and you “pay” later on Candelaria Day by bringing...