Saturday, August 30, 2025

August remittances set a new record at US $4.74 billion

Remittances from Mexicans working abroad continued their steady upward trend in August and set a new monthly record, according to the Bank of México.

Total for the month was US $4.74 billion, up 32.7% over August 2020. It lifted the total for the year to $32.9 billion, an increase of 24.8% over the same period last year.

Remittances sent during the 12 months ending August 31 came to $47.1 billion, up from $45.9 billion in the previous 12-month period.

The August figure, up 4.5% over July’s total, was well above the $4.4-billion median estimate by economists in a Bloomberg survey.

Mexico News Daily

Have something to say? Paid Subscribers get all access to make & read comments.
News quiz

The MND News Quiz of the Week: August 30th

0
F1, fashion and flaming axolotls: Have you been keeping up with the headlines this week?
bundled up people

Tired of the heat? The first cold front of the season is on its way

0
The northeastern part of the country will probably be experiencing a late-summer cold snap, but much of the rest of the country can expect heat and rain.
Sheinbaum and Brazil Vice President Geraldo Alckmin sit at a long table with bureaucrats in front of Mexican and Brazilian flags

Mexico and Brazil’s big trade summit yields small deals as allies pull the Latin American giants in separate directions

0
U.S. tariffs are reshaping Mexico's relationship with Brazil. But despite a desire to strengthen ties, Mexico remains firmly in camp USMCA while Brazil answers to Mercosur.
BETA Version - Powered by Perplexity