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ImmigrationProf Blog
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Remittances to Mexico drop, according to Mexico’s Central Bank.

By immigrationprof

Mexico’s central bank reports that remittances fell 3.6% in 2008 to $25bn, the first annual drop since 1995 when remittances were first tracked. This money is the country’s second largest source of foreign income after oil revenues. The fall is thought to have been caused by a crackdown on illegal immigration and migrant job losses as the US recession leads to widespread layoffs.  For the full story by the BBC, click here.

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