who run the country’s economy

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Mexico added between January and April 2021 a total of de $ 14,663 million in transfersAn increase of 19.14% compared to the same period in 2020.

the Amount of the transfer Between January and April, it was up from $ 12,307.2 million in the first four months of last year, Bank of Mexico in your monthly report.

Conversions over the four-month period averaged $ 361, up 6.12% from the same period in 2020 – down from $ 340 – and the number of transactions increased from 36.19 million to 40.63 million.

Most of them were for Electronic transfer.

Last April, Mexico recorded $ 4,047.6 million in remittances, which is high but lower than the record high of $ 4,157.4 million last March.

The previous record was in March 2020, at the start of the coronavirus pandemic in the region, and was $ 4.016 million.

This significant increase in remittances in the first four months of 2021 continues the upward trend seen since March of last year.

Amid the coronavirus pandemic, 2020 was a record year for remittances from Mexico, reaching $ 4,0606.7 million, an increase of 11.4% from $ 36,438 million in 2019.

President Andres Manuel Lopez Obrador having thanked 38 million Mexicans in the United StatesHe described them as “heroes”, enjoying the benefit of their remittances. 10 million poor families.

This money comes mainly from Mexican immigrants living in the United States, is the second largest source of foreign currency in Mexico, after car exports.

Therefore, the Government of Mexico is convinced that these transfers Help revive the country’s economy, which registered a contraction of 8.2% in 2020, according to the National Institute of Statistics and Geography (Inegi).

This year, the Mexican authorities expect the economy to recover by more than 6%.

In 1995, the first year the Bank of Mexico reported results, remittances amounted to $ 3.672 million (adjusted at the current exchange rate).

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