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08-02-2012, 11:34 PM #1
Mexican Remittances Climb 6.2%
August 2, 2012
Latin American Herald Tribune
MEXICO CITY – Mexicans living and working abroad sent home $11.85 billion in the first six months of the year, an increase of 6.2 percent from the same period in 2011, the country’s central bank said Wednesday.
The figure for June was $2.09 billion, up 3.5 percent from a year ago, the Banco de Mexico said.
Transactions totaled 36.4 million in the first half of 2012, a gain of 6.4 percent over last year, and more than 98 percent took the form of wire transfers.
The average payment in the January-June period was $331, compared with $326.51 during the first six months of 2011, according to the Banco de Mexico report.
Remittances from expatriates are Mexico’s second-largest source of foreign exchange after oil exports and help cover living expenses for millions of households. Most of the money is sent from the United States, where an estimated 12 million Mexicans live, about half of them undocumented migrants.
One Old Vet
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08-03-2012, 11:17 AM #2
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Kinda shoots holes in the theory that alien invasion has decreased. Not quite inough info here to be onclusive, but the implication is loud as I inerpret it.
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08-03-2012, 11:26 AM #3
Meanwhile, we are told SS and Medicare (Medicaid) are broke. I would bet that the FICA on those remittances was never paid, but the Medicaid dollars were used by the bushel.
No wonder Mexico can afford 50 consulates in the US to oversee it's income producing citizens. They want them to have diplomatic immunity but they want them to produce welfare babies to get more of the public trough. Diplomats children do NOT receive automatic citizenship and neither should Mexico's illegal workforce. JMOLast edited by Newmexican; 08-03-2012 at 03:59 PM.
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08-03-2012, 01:00 PM #4"The only thing necessary for the triumph of evil is for good men to do nothing" ** Edmund Burke**
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08-04-2012, 08:58 AM #5
ADDED TO ALIPAC HOMEPAGE News with amended title ..
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08-04-2012, 09:42 AM #6Join our FIGHT AGAINST illegal immigration & to secure US borders by joining our E-mail Alerts at http://eepurl.com/cktGTn
Laura Loomer - Woke up this morning to a @nytimes article...
03-27-2024, 11:36 PM in General Discussion