Remittances grow 5% in Puebla in a pandemic year – local news, police, around Mexico and the world | Sun of Puebla

The state of Puebla has moved from sixth to eighth nationally with an increase in the absorption of remittances, but in 2020 it received a 5.1 percent increase compared to 2019.

This came in a report by the Bank of Mexico, where it was stated in detail that last year it had a total income of $ 1.873 million, when advances recorded $ 1.782 million.

It is important to note that remittances are profits that migrants send back to their countries of origin, usually to their relatives, in order to cover their basic expenses.

The latest number puts the Puebla entity in eighth place, only after Oaxaca, Guerrero, Mexico City, State of Mexico, Guanajuato, Michoacan and Jalisco, the latter being the one topping the list with $ 4,153 million.

It should be noted that in 2019 Puebla City ranked sixth, but in 2020 it was overtaken by Guerrero and Mexico City, which posted increases of 10.6 percent and 24.3 percent, respectively.

The Bank of Mexico indicated that more than 95 percent of the remittances that arrived in the Republic of Mexico come from the United States, 1.6 percent from Canada and the rest from other countries such as the United Kingdom, Ecuador, Colombia, Chile and Spain.

The gross national income reached 40,607 million dollars, representing more than 875 thousand million pesos, of which 98.9% was through electronic transfers, 0.7% in cash, and 0.4% via postal fluctuations.

The municipality of Puebla was one of the most received transfers nationally in 2020

In 2020, the municipality of Puebla was ranked third out of the 50 regions nationwide receiving the most remittances, with a total of $ 527 million.

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The regions that topped the list are Guadalajara, Jalisco with $ 531 million in revenue and Tijuana, Baja California with a total of $ 626 million.

In contrast, the municipalities that received the least remittances were Guadalupe, Nuevo León with $ 136 million, Coautla and Morelos with $ 134 million, and San Miguel de Allende and Guanajuato with $ 132 million.

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