Mexico City has now climbed to second place nationwide in the amount of remittances its residents receive from the United States, according to a report published on Monday by Banco de México.

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Posted on: February 7th, 2006
Filed Under: [ Hispanic News ]

“Analyzing figures from October to December of 2005, the report said the capital received US$479 million in wire transfers from migrants living north of the border. That number represents a 96 percent increase over the same period from the previous year.

Mexico City´s share made up 9 percent of the total amount of remittances sent during that period.”

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