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Mexican remittances grow 4 percent in first half of 2015

August 3, 2015 GMT

MEXICO CITY (AP) — Mexico’s central bank says remittances sent home by Mexicans grew by 4 percent in the first half of 2015.

From January to June, remittances totaled nearly $12.1 billion, compared to about $11.6 billion during the same period a year earlier. The information was released Monday through the Bank of Mexico’s website.

In June alone, remittances totaled more than $2.1 billion, an increase of 6.1 percent on the previous June.

Almost all of the money comes from the United States, where more than 11 million Mexicans live.

In recent years, remittances have become one of the principle sources of foreign currency in Mexico.