MEXICO CITY, April 3 (Reuters) - Remittances to Mexico
from abroad jumped 11.2% year on year in February, while
dropping from the prior month, according to data published by
the country's central bank on Monday.
Remittances hit $4.3 billion in February, down from the $4.4
billion sent in January.
The number of transactions, made mainly from the United
States, increased in February by 10.9% year on year, while the
average amount per transfer grew 0.3% to $375.
In the first two months of 2023, remittances reached $8.9
billion, up 11.8% from the $7.8 billion posted in the
year-earlier period.
Mexican President Andres Manuel Lopez Obrador has been a
strong advocate of remittances in the midst of weak domestic
economic growth and high inflation.
Remittances to Mexico from abroad hit a record high $58.5
billion in 2022.
(Reporting by Valentine Hilaire; Editing by Mark Porter)
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