2024-07-06 18:27:00
Although in the last five years, the effect of the “Mother’s day” boosted the arrival of remittances to the country by up to 6.5%, this year a fall of is revised 0.9% with the entry of 364 million Dollars.
An analysis of BBVA, He noted that this is the second contraction during the year after the decline in March when fell to 3.4%.
JJuan José Li Ngdirector of analysis at the bank, recalled that money transfers slowed down in Latin America y Caribbean As anticipated by the world Bank up to 2.7% in 2024 and 1.6% in 2025.
This after the Bank of Mexico announced the arrival of 5.624 billion dollars in remittances in the fifth month of the year, which represented a decrease of 0.9% compared to the amount received in the same month of 2023.
In this way, remittances add up to their second fall of the year, the first took place in March when they fell 3.4%.
In May 2024, they were registered 14.8 million operations for sending remittances to Mexico, which represented an increase of 1.4% at an annual rate, reaching its highest historical level.
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2024-07-06 18:27:00