Immigrant Remittances Top US $20 Billion

Palenque, Chiapas, México From the Mexican Solidarity Network:

Family remittances from Mexican immigrants working in the US topped US$20 billion in 2005, according to the Bank of Mexico, an increase of 21% over 2004. Family remittances represent an important source of income for about one-quarter of Mexicans families. Remittances are Mexico's second most important source of foreign currency, behind only petroleum sales and well ahead of tourist income.