Mexican migrants sent home a record $40 billion in 2020

[rangerrebew]

Mexican migrants sent home a record $40 billion in 2020
Updated 8:13 pm CST, Tuesday, February 2, 2021

MEXICO CITY (AP) — Money sent home by Mexican migrants rose 11.4% in 2020 to a new high despite the coronavirus pandemic, Mexico’s central bank reported Tuesday.

BBVA bank said in an analysis report that this was the fifth straight year the remittances, as the money is know, set records. The $40.6 billion that migrants sent home to Mexico in 2020 was equivalent to the combined entire budgets of the Mexican government's education, health, labor, welfare and culture departments.

As a source of foreign income, remittances earn Mexico more money than oil exports or tourism and are exceeded only by manufacturing exports.
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About 98.5% of Mexico's remittances are sent from the United States, almost all by bank or wire transfers.

https://www.lmtonline.com/news/article/Mexican-migrants-sent-home-a-record-40-billion-15919250.php

[skeeter]

That’s 40 billion not spent in American businesses and on American products. All so chamber of commerce members can hold down American salaries and leftists can buttress their client base.