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03-08-2008, 01:05 PM #1
Remittances to Mexico fell 5.87% in January.
TRANSLATED FROM:
http://www.eluniversal.com.mx/notas/487669.html
For the first time in many years, the remittances that co-nationals send to the country have had a contraction in January, reported the Bank of Mexico.
In its report of "family remittances", the Central Bank brought to light that in the first month of the year, the country received 1.653 billion dollars.
The figure is lower in 5.87% compared to the 1.757 billion dollars that were registered in January of 2007.
The economic deceleration in the United States with the smaller home construction rhythm in the neighboring country and the measures against migrant Mexicans have caused a decrease in the rhythm of remittances, which contracted 5.94%.
The resources shipment average in January was of 341 dollars.
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03-08-2008, 01:09 PM #2
Re: Remittances to Mexico fall 5.87% in January.
LawEnforcer"]TRANSLATED FROM:
http://www.eluniversal.com.mx/notas/487669.html
For the first time in many years, the remittances that co-nationals send to the country have had a contraction in January, reported the Bank of Mexico.
If Palestine puts down their guns, there will be peace.
If Israel puts down their guns there will be no more Israel.
Dick Morris
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03-08-2008, 01:14 PM #3
Since illegal drug money is often included in these remittances back to Mexico, maybe this signals that more smugglers are being caught.
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03-08-2008, 01:43 PM #4In its report of "family remittances", the Central Bank brought to light that in the first month of the year, the country received 653 billion dollars.
The figure is lower in 5.87% compared to the 757 billion dollars that were registered in January of 2007.
Remittances should be taxed."Distrust and caution are the parents of security."
Benjamin Franklin
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03-08-2008, 09:37 PM #5
Good, I hope it keeps trending this way. I'll be happy when the figure is 0 or negligible.
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03-08-2008, 10:01 PM #6
Geez, love how they call the money "remittances." It should be paid back to the U.S. where it was stolen from in the first place.
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03-08-2008, 10:16 PM #7
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03-09-2008, 12:15 PM #8Originally Posted by MyAmerica
There is NO WAY the remittances are in the vicinity of "billions" in one month. Then the annual average would be out of this stratosphere. The annual average as it now stands is in the vicinity of 25 billion dollars.
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03-09-2008, 12:56 PM #9Originally Posted by PopulistIf Palestine puts down their guns, there will be peace.
If Israel puts down their guns there will be no more Israel.
Dick Morris
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