Tags: LT | Mexico | Remittances

Mexico Sees Record 15.7 Pct Drop in Remittances

Wednesday, 27 Jan 2010 03:26 PM

 

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink

Mexico's central bank is reporting a record 15.7 percent drop in remittances by migrants last year.

The bank says Mexicans abroad sent home about $21.2 billion in 2009, compared with $25.1 billion in 2008.

The bank said Wednesday it was the second year in a row that remittances fell, and only the second annual decline since the bank started tracking them in 1996.

THIS IS A BREAKING NEWS UPDATE. Check back soon for further information. AP's earlier story is below.

MEXICO CITY (AP) — Mexico's central bank is reporting a record 15.7 percent drop in remittances by migrants last year.

The bank says Mexicans abroad sent home about $21.2 billion in 2009, compared with $25.1 billion in 2008.

The bank said Tuesday it was the second year in a row that remittances fell, and only the second annual decline since the bank started tracking them in 1996.

(This version CORRECTS that the bank issued its report Wednesday, not Tuesday.)

© Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Retype Email:
Country
Zip Code:
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
You May Also Like

Plane Crash Kills Dad Walking on Beach With Daughter

Sunday, 27 Jul 2014 17:42 PM

Authorities say a father was killed and his daughter seriously injured while walking on the sand whe n a small plane cra . . .

Family of 5 Shot Dead in Maine, Gun Recovered

Sunday, 27 Jul 2014 20:54 PM

A family of five, including three children ranging in age from 4 to 12 years old, were found shot to death Sunday inside . . .

California Lightning Hits 14; 2 Critically Injured

Sunday, 27 Jul 2014 20:07 PM

Lightning struck 14 people, leaving two critically injured, as rare summer thunderstorms swept through Southern Californ . . .

Most Commented

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved