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

Xcaret ruling redraws limits on Maya branding in Mexico

Xcaret ruling redraws limits on Maya branding in Mexico

Mexico’s top court says Maya cultural heritage is not open tourism branding, forcing Xcaret to...
Beach contamination in Veracruz raises fresh doubts

Navy ties Gulf spill to anchored vessel off Coatzacoalcos

Mexico’s Navy says a vessel anchored off Coatzacoalcos helped cause the Gulf spill, alongside natural...
First 2026 Migrant Caravan Sets Out for Mexico City

First 2026 Migrant Caravan Sets Out for Mexico City

Around 500 migrants left Tapachula after months of low pay and stalled paperwork, exposing pressure...
Playa del Carmen Still Lacks Rules for Offshore Sargassum

Playa del Carmen Still Lacks Rules for Offshore Sargassum

Playa del Carmen enters sargassum season with private offshore cleanup stalled by unclear rules and...