http://www.newsmax.com/archives/arti...8/150235.shtml
Mexican emigrants will send as much as
$20 billion in cash this year
to relatives in Mexico, according to projections by Mexico's Central Bank.
That figure is three times what total remittances were five years ago,
when the amount was $6.6 billion. If the 2005 estimates hold true,
remittances probably would become the largest source of foreign exchange
in Mexico, bank officials said, surpassing even oil.
Bank President Guillermo Ortiz projected that over the next seven to
eight years,
remittances will grow by 20 percent annually.
He also raised the expected growth rate of the nation's economy to 4.2
percent, from the 3.8 percent initially forecast
Mexico and India lead the world in the value of remittances their
diasporas send home, ranking ahead of China, Pakistan and the Philippines.
Last year, India received $17.5 billion in remittances from the United States.