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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  • by T Maxx Location: G-vegas on Jan 28, 2010 at 12:14 AM
    You are correct it need to drop to zero.I guess they can send that money back to Mexico they are living here like Kings, I think once they across the border into USA. They go straight to social services to get all the benfits they can. If live here and didnt pay any taxes,get food stamps. And pay little or nothing for rent. I could send money home too.So excuse me if i dont shred a tear.
  • by Jethro Bodine Location: New Bern on Jan 27, 2010 at 08:49 PM
    Who, Really, Cares?
  • by concerned Location: washington on Jan 27, 2010 at 06:31 PM
    when a amexican sends home 100.00 it adds up to 1,000.00 once it crosses into mexico so if they send 1,000.00 it adds up to 10,000.00 stop mexicans from sending money 2 mexico and they wouldnt want 2 come here and work so bad then maybe americans wouldnt hury so ad 4 a job.
  • by Anonymous Location: Washington on Jan 27, 2010 at 06:30 PM
    It needs to drop to ZERO, that way we keep all of our money in the US.

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