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Mexico’s Record Remittances Are Helping to Prevent Consumer Crisis, AMLO Says

  • The figure is a government estimate for 2021 remittances
  • Bank of America sees money transfers this year near same level
Mexico President Andres Manuel Lopez Obrador

Mexico President Andres Manuel Lopez Obrador

Photographer: Alejandro Cegarra/Bloomberg
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Mexico President Andres Manuel Lopez Obrador estimated that remittances reached a record $51.6 billion last year, saying money sent from workers abroad is helping prevent a consumer crisis.