Mexican Worker Money Transfers Drop at a Record Pace

Posted on: March 6th, 2008
Filed Under: [ Business ] [ Hispanic News ] [ Top Stories ] [ Blogante Business ]
Tags: , , ,
Knowledge is Power!

“Mexicans working abroad, mostly in the U.S., reduced money transfers to their families at home at a record pace in January as a U.S. housing slump squeezed construction employment.

Remittances, the second-biggest source of dollar flows into Mexico after oil exports, fell 5.9 percent in January to $1.65 billion from a year earlier, the central bank said today. It was the biggest decline since Banco de Mexico began records in 1995.”*

*From: http://www.bloomberg.com
Traducido: usando Google o Altavista/Babel Fish

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