El Paso Times: Money transfers to Mexico

Diana Washington Valdez writes about the volume of money transfer from the US to Mexico.

Despite the sluggish U.S. economy, the amount of money Mexican immigrants sent to relatives back home is expected to reach a record $13 billion this year, according to a Pew Hispanic Center and Inter-American Development Bank report. The massive flow of U.S. money to all Latin American countries shows no sign of slowing down and is projected to reach more than $18 billion by the end of 2005.

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