Remittances to Mexico Hit Third Highest Level on Record in July

Remittances sent to Mexico, a major support for the Mexican economy and in particular for low-income families, continued its historic 2020 run and rose in July to the third highest level on record, central bank data showed on Tuesday.

Mexico received $3.53 billion in remittances in July, up by more than 7 percent compared to the $3.29 billion in remittances the country was sent the same month last year.