MEXICO CITY: Remittances sent to Mexico by emigrants totaled $18.62 billion in the first nine months of 2015, up 5.86 percent compared to the same period last year, when remittances totaled $17.59 billion, the Bank of Mexico said.
The average remittance was $295 in the January-September period, up slightly from the $294 average registered in the same period last year, the central bank said.
The number of transactions during the period totaled 63.07 million, with the majority of remittances sent via electronic funds transfers, the central bank said in a statement.
Mexico received $23.64 billion in remittances in 2014, a figure that was up 9.6 percent compared to 2013.
Remittances sent by Mexicans living abroad, mainly in the United States, are the country’s second-largest source of foreign exchange, after oil, and help cover the living expenses of millions of people.
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