Bloomberg "Anywhere" Remote Login Bloomberg "Terminal" Request a Demo


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

AP News

Mexico sees biggest remittances drop since 2009

MEXICO CITY (AP) — The Bank of Mexico says the amount of money sent home by Mexicans working abroad plunged 20 percent in September. That was the biggest drop since October 2009, when migrants were struggling to find jobs amid the worldwide economic crisis.

Mexico's central bank said Thursday that remittances in September fell to $1.66 billion from the $1.88 billion sent home from abroad during the same month in 2011.

The biggest drop in remittances was registered in October 2009 when they fell nearly 36 percent.

Nearly all remittances to Mexico come from the United States, where an estimated 12 million Mexican citizens live.

Experts blame the drop on the decrease in construction and manufacturing jobs in the U.S. in the past months, which may be attracting fewer workers.

blog comments powered by Disqus