Ways of Remitting Money to Mexico

Although people still wire money into Mexico regularly, the figure of just how many is slowly dropping. In 2008, the figure dropped for the first time in 13 years, when the Mexico’s central bank began recording the information in an attempt to track the money moving in and out of the country. Money that comes [...]

Money to Mexico Statistics and Why the Country is Dependant on Remittances

Ever wonder what effect the people transferring money into Mexico – including immigrants, citizens or “unofficial” residents – has on Mexico’s economy? The Mexican government says remittance made up approximately $25 billion of the countries $1.6 trillion Gross Domestic Product (GDP) in 2008. The government also says worker transfers into Mexico has yet to even [...]