Agencia EFEMay 2, 2013 15:00
Mexico City, May 2 (EFE).- Remittances sent by Mexicans living abroad fell 14.7 percent to $1.78 billion in March, compared to the same month in 2012, the Bank of Mexico said Thursday.
March marked the 9th consecutive month that remittances have fallen, the central bank said.
The average remittance totaled $301.27 in March, down from the $335.64 registered in March 2012, the central bank said in its monthly report.
A total of 5.9 million transactions, the majority of them electronic funds transfers, were registered last month, the Bank of Mexico said.