Puerto Vallarta and Mexico News

Puerto Vallarta and Mexico 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

Playa del Carmen eyes revenue from vacation rentals

Playa del Carmen eyes revenue from vacation rentals

Playa del Carmen says regulating vacation rentals could add 60 to 80 million pesos a...
Europe’s most wanted suspect arrested in Cancún

Europe’s most wanted suspect arrested in Cancún

Federal agents in Cancún arrested Hungarian fugitive János Balla, known as Dániel Takács, and turned...

Puerto Vallarta Renews Barrios de Paz Program in 2026

Puerto Vallarta renewed Barrios de Paz for 2026, extending state-backed work on gender violence prevention,...
Virgin Voyages Ship Brings 2,750 Passengers to Cabo

Virgin Voyages Adds Puerto Vallarta to New Cruises

Virgin Voyages’ adults-only Brilliant Lady will call at Puerto Vallarta as the line expands West...