Mexico Sees Record Drop In Remittances

Mexico's central bank is reporting a record 15.7 percent drop in remittances by migrants last year.

The bank says Mexicans abroad sent home about $21.2 billion in 2009, compared with $25.1 billion in 2008.

The bank said Wednesday it was the second year in a row that remittances fell, and only the second annual decline since the bank started tracking them in 1996.

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