Mexico | Monthly Report on Banking and the Financial System. January 2021
Risk of a weak economic recovery and increased volatility in financial markets remains. Banxico publishes Financial Stability Report for 2H20. Total financial savings increased by 8.0% year on year in real terms during the 2Q20, while total financing expanded at a rate of 5.5%.
Mexico | Remittances, means of sending, and dollars in cash
Only 0.7% of remittances are sent in cash and kind, 99% are sent by electronic transfers. Most of the remittances in kind and in cash come from documented Mexicans. Undocumented migrants send almost no remittances in cash and kind, since they cannot go back and forth between Mexico and the United States.