Mexico | Remittances rise 8.8% in August, in line with expectations

Summary

In August 2017, Mexico received US$2,469.3 million in family remittances. This is the highest figure ever in the receipt of remittances for a month of August. Due to the appreciation of the peso observed this year compared to 2016, in real terms remittances contracted by 1.7%. Thus, remittances have declined in real terms for three consecutive months

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