Yesterday´s Victoria de Durango newspaper reported that the rate of U.S. dollars sent back to Mexico by emmigrants in the US is almost equivalent to the total annual earnings of the Mexican oil industry, the countries largest money maker.
The amount increased by 20% compared to the same period last year. The money flow is a result of 43.3 million seperate transactions, each worth an average US$340.
Officials note that 11 million Mexican-born live in the US, plus another 15 million of Mexican origin. The newspaper underlined the difficulty of confirming these numbers due to the large number of the undocumented.
Documentado,
Pepino Migrado
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