Tuesday, January 02, 2018

Ring Ring!

Ring Ring:
"Allo, Mamacita?  I am sending you some money.  Use it to pay los coyotes to bring Pablito to San Diego.  Next month we can bring Estevez and his sister to El Norte".
Cash Remittances to Mexico Set $26B Record in 2017, Says Central Bank:
The latest figures from Mexico’s Central Bank (Banxico) show 2017 being a record-breaking year for receiving remittances by Mexicans abroad. From January to November 2017, Mexicans sent $26,167,00,000, the highest figure to date. In 2016,another record-setting year, Mexicans sent $24.1 billion. Banxico reports that 97 percent of the funds sent to Mexico came through wire transfers. Mexico’s second largest source of income was the export of oil for $18.5 billion in the first 10 months of 2017.

"A billion here, a billion there ... pretty soon you're talking Real Money ..."
(Everett Dirksen apparently didn't say that .... exactly)

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