Remittances to Mexican families rise to record high for February
APRIL 5, 20211:58 PMUPDATED 10 HOURS AGO
By Reuters Staff
2 MIN READ
MEXICO CITY (Reuters) - Remittances sent to Mexico, a major support for the country’s economy and low-income families, rose to their highest-ever level for the month of February since records began in 1995, central bank data showed on Monday.
Remittances to Mexico in February totaled $3.174 billion, compared to $2.732 billion during the same month last year.
Cash sent back to family members this past January was slightly higher, at $3.298 billion.
Remittances have been on a record run since last year and reached their all-time monthly high in March 2020, as a growing number of Mexican migrants living in the United States dug deep to send extra money to relatives back home to alleviate the devastating impact of the coronavirus pandemic.
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https://www.reuters.com/article/us-mexico-economy-remittances/remittances-to-mexican-families-rise-to-record-high-for-february-idUSKBN2BS1RL
