Home Headlines Remittances from Yucatecan migrants keep coming in despite the pandemic

Remittances from Yucatecan migrants keep coming in despite the pandemic

by Yucatan Times
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Merida Yucatan; July 15, 2021 (ACOM) .- The flow of remittances from the United States to Yucatecan families remained constant and at the end of the first semester, the figures could increase by 8% compared to last year, representing an increase of six million dollars.

And it is that according to information from the Bank of Mexico, so far this year the sending of green bills to Mexican families has risen and this year could reach 50 billion US dollars.

In this sense, Yucatán had a sustained growth in the flow of foreign currency, since in the first semester it reported the arrival of 66 million dollars, 7% more than in 2020.

Yucatán, in 2020 registered a reception of 243.7 million dollars (about 4 thousand 974 million pesos at the current exchange rate), 22 million dollars more than in 2019, when it captured 221.5. For the rest of 2021, it is estimated that they will exceed 250 million dollars (about 5 billion pesos, at the current exchange rate).

The Bank of Mexico indicates that the remittances sent by Yucatecans have been maintained for five years and that 2018 represented the year with the highest shipments when 205 million dollars were reached, 16 percent more than in 2017.

According to the Institute for the Development of Mayan Culture (Indemaya), there are about 190,000 Yucatecans in the United States, a figure that has increased gradually in the last ten years.

The institute itself has reported that the communities that receive these benefits are municipalities in the south of the state, towns in the center (previously henequen zone), and to a lesser extent the eastern part of the state.

The Yucatan Times Newsroom

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