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

Operación Enjambre targets municipal corruption in Mexico

Operación Enjambre targets municipal corruption in Mexico

Operación Enjambre is a sweeping federal crackdown targeting corrupt municipal officials who protect organized crime...
Dulce San Miguel Festival Spotlights Local Bakeries & Cafes

Dulce San Miguel Festival Spotlights Local Bakeries & Cafes

San Miguel de Allende’s new Dulce San Miguel festival unites bakeries and cafés this Valentine’s...
red flag puerto vallarta

Six Vallarta Beaches Continue Under Red Flags Amid High Surf

Red flags are up at six Puerto Vallarta beaches after heavy surf and strong rip...
Aguascalientes Airbnb tax

Playa del Carmen plans license rules for Airbnb stays

Playa del Carmen will require municipal licenses for short-term rentals and may limit where they...