Remittances to Mexico rise

Mexico News.Net Thursday 3rd May, 2012

Remittances from Mexicans living abroad climbed 5.3 percent in the first quarter compared with the same period in 2011, Mexico's central bank said Wednesday.


Expats sent a total of $5.37 billion home to Mexico in the first three months of the year, up from $5.1 billion a year earlier, according to figures compiled by Banco de Mexico.

The number of transactions also rose from the first quarter of 2011, climbing 7.3 percent to 16.8 million.

Remittances rose 16.4 percent last month from the level of March 2011, to $2.08 billion.

The median transfer in the first quarter was $318.41, down 1.94 percent compared with January-March last year.

Remittances are Mexico's second-largest source of foreign exchange and help cover the living expenses of millions of households.

Most of the remittances are sent from the US, where an estimated 12 million Mexicans live, about half of them undocumented migrants.

--IANS/EFE

rd

Comments


Comments

  • No comments yet for this story

  • Have your say

    • By submitting your comment you agree to our terms and conditions   

    More Mexico News

    RSS
    • No change of heart on Brazil stocks despite big inflows

      Reuters - Sunday 19th May, 2013

      By Krista Hughes and Walter Brandimarte MEXICO CITY/RIO DE JANEIRO (Reuters) - Foreign investors flocked back to Brazil in early 2013, prompting the strongest stock market inflows in more than two years, but massive bets on share price falls ...

    • Roasted mexican corn recipe

      General Sources - Sunday 19th May, 2013

      1. To grill, place corn on a moderately hot grill. Grill corn for 15-20 minutes. To roast the corn, place on a baking sheet and put in a 375? F oven for 30-45 minutes. To test doneness, peel back some of the husk to see if the kernels are ...

    • Family fear man with B.C. ties missing in Mexico may have been kidnapped

      The Province - Sunday 19th May, 2013

      The Whitecaps were up a goal, the Timbers were down a man, and only six minutes plus stoppage time remained. Finally, in their sixth attempt, Vancouver was going to beat Portland in an MLS ...

    • Danger and separation from families changing job of U.S. diplomats

      Reuters - Sunday 19th May, 2013

      Family members of deceased State Department diplomat Anne Smedinghoff, (front row L-R) sister Regina, father Tom, and mother Mary Beth listen to U.S. Secretary of State John Kerry (L) speak at dedication ceremonies for new names inscribed on the American Foreign Service Association Memorial plaque in Washington May 3, ...

    • Mexico judge jails suspects in death of Malcom Xs grandson

      WHP CBS 21 - Sunday 19th May, 2013

      MEXICO CITY (AP) — A judge on Saturday issued an order for the imprisonment of two waiters accused in the beating death of Malcolm Shabazz, grandson of civil rights activist Malcolm X, the Mexico City attorney general's office said.The resolution begins the judicial process against David Hernandez Cruz and Manuel Alejandro Perez de Jesus, who worked at the Palace bar near Mexico ...

    • Mexican bakery grows at new Arcadia location

      General Sources - Sunday 19th May, 2013

      ARCADIA -- Zimri Ramirez and his wife, Emma, began their bakery business by selling tres leches (three milk) cakes that they made at their home in Marshfield, Wis., after Emma was laid off from her factory job in Neillsville in 2005.They moved to Arcadia in 2010 to work at the Ashley Furniture factory and in April 2012 opened a small Mexican bakery in part of a building that housed a laundromat ...

    • Mexico judge orders prison for suspects in killing

      San Diego Union-Tribune - Saturday 18th May, 2013

      FILE - This undated file photo courtesy of the Shabazz family shows Malcolm Shabazz in an unknown location. Shabazz, the 28-year-old grandson of political activist Malcolm X, died in Mexico City on Thursday, May 9, 2013. Mexico City prosecutors said on May 13, 2013 that they have arrested two men in connection with the death of Shabazz, who died of blunt-force trauma injuries. A companion said ...

    • Tijuana inmates swap prison garb for gowns

      San Diego Union-Tribune - Saturday 18th May, 2013

      Vanessa Murillo, 22, takes a final walk after winning first place in the Nuestra Belleza Interna 2013 beauty pageant in the La Mesa state prison in Tijuana. Of the more than 120 female inmates who tried out, 25 were selected as ...

    • Austin haze result of Mexican fires

      KXAN 36 - Saturday 18th May, 2013

      AUSTIN (KXAN) - Take a look at Austins skyline and youll notice it is pretty hazy Saturday afternoon. Its all because of agricultural burning in Mexico and Central America. Breezy southerly winds are helping pull the smoke into Central Texas. MORE: Jim Spencer's BLOG The yearly burning of brush and trees allows farmers to clear land and also brings smoky air to Central Texas. At times the ...

    • Texas joins flood of states suing BP over 2010 Gulf spill

      Yahoo News - Saturday 18th May, 2013

      BP America in its suit - of violating Texas' environmental regulations. Texas is seeking money from "lost" tourism revenues due to the spill, as well as monies that would have been generated from state park entrance and concession fees by visitors to the coastal communities. In addition, the state is seeking civil penalties for each day the oil spilled into the Gulf, and each ...

    • Taste of Mexico restaurants tout authentic flavors

      Associated Press - Saturday 18th May, 2013

      Accustomed to Mexican food laden with sour cream, melted cheddar cheese and mild salsa that has long been served up in the Los Angeles area, patrons balked at eating La Casita Mexicana's enchiladas covered in pumpkin seed mole, cotija cheese and red onions. Many of the doubters, to the restaurateurs' surprise, were Mexican American. Regional Mexican cooking isn't a tough sell ...

    • Pope Sends Condolences to Victims of Gas Tanker Explosion in Mexico

      EWTN - Saturday 18th May, 2013

      22 Victims Dead in Ecatepec in Tragic High AccidentBy Junno Arocho EstevesVATICAN CITY, May 08, 2013 (Zenit.org) - Pope Francis sent his condolences to the victims of the tragic gas tanker explosion that occurred yesterday in Ecatepec, Mexico yesterday. The message was sent by Cardinal Tarcisio Bertone, Vatican Secretary of State, on behalf of the Holy Father.The accident occurred yesterday ...

    • Condolence Telegram to Victims of Tragic Explosion in Ecatepec Mexico

      EWTN - Saturday 18th May, 2013

      VATICAN CITY, May 08, 2013 (Zenit.org) - Here is the translation of a telegram sent by Vatican Secretary of State, Cardinal Tarcisio Bertone, sent on behalf of the Holy Father to the victims of the gas tanker explosion that occurred in Ecatepec, Mexico.* * *His Excellency Most Reverend Oscar Roberto Dominguez Couttolenc, MGBishop of EcatepecThe Holy Father was saddened to receive news of the ...

    • Mexico first quarter expands only 0.8

      Nasdaq - Saturday 18th May, 2013

      ) Q1 GDP expands 0.8% from Q1 compare to first quarter last year. "Southern Texas" is growing much slower than its neighbor to the ...

    More Mexico News

    News from around our Network