Remittances Lose More than 20% of Purchasing Power in Mexico, Warns Central Bank
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The Bank of Mexico warned that remittances have lost more than 20 percent of their purchasing power in the year and a half, affecting household consumption. Remittances lose more than 20 percent of purchasing power in Mexico, Banxico warns, first published in La Voz de Michoacán.
Remittances lose purchasing capacity Remittances received by Mexican families have lost more than 20% of their purchasing power during the last year and a half, according to the minutes of the most recent meeting of the Board of Government of the Bank of Mexico (Banxico).One of the members of the Board noted [...] The post Banxico warns loss of the purchasing power of remittances and weakness of consumption first appeared on Serpientes and Escal…
CDMX.- The remittances received by Mexican families have lost more than 20% of their purchasing power during the last year and a half, according to the Bank of Mexico (Banxico).
Remittances received by Mexican families have lost more than 20% of their purchasing power over the past year and a half, according to the Bank of Mexico (Banxico).
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