Morelos receives more remittances from the US in the first quarter of 2021 – El Sol de Cuernavaca

More remittances from the United States arrived in Morelos in the first half of 2021 that recently ended in the first six months of 2020, when the COVID-19 pandemic began.

According to the Bank of Mexico, of the 23,618 million US dollars that entered the country via remittances in the first six months of the year, 95.2 percent were sent from the US (22,495 million US dollars). California, Texas, Minnesota, Arizona, Florida and Illinois accounted for two-thirds of these resources from that country.

Other important countries in sending remittances to Mexico include Canada $319 million (1.4 percent), Ecuador $141 million (0.6 percent), and the United Kingdom $61 million (0.3 percent).

Remittances reach states where it is estimated that there are more immigrants, particularly those who reside in the neighboring country, the United States.

Thus, during the first six months of the year, Jalisco (two thousand 490 million dollars), Michoacan (two thousand 318 million dollars) and Guanajuato (one thousand 955 million dollars) continued to be the first to receive remittances in the country.

In the case of Morelos, information from the Bank of Mexico confirms an increase in remittances by 28.8 percent in the first half of 2021, to $454 million, as $353 million was received in the first six months of 2020.

With these numbers, the country ranks 20th among the entities of the republic, which in its scale considers Baja California Sur the entity that receives the least transfers, in the first quarter of 2020 it received 47 million dollars and in these first six months of the year 64 md.

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During this period, all entities of the Mexican Republic achieved significant growth in access to these resources. The states of Tabasco, Quintana Roo and Chiapas stand out, with remittances increasing more than 50 percent during the first half of 2021.

In this way, transfers accumulated for 14 consecutive months with growth, with an average annual increase of 16.3% in this period. Thus, the flow of remittances to Mexico amounted to 23,618 million US dollars during the first six months of the year, equivalent to an increase of 22.4 percent at the annual rate.

Other important countries in sending remittances to Mexico include Canada $319 million (1.4 percent), Ecuador $141 million (0.6 percent), and the United Kingdom $61 million (0.3 percent).

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