Home Business-newBusiness Yucatán received more than 434 million US dollars in remittances in 2023

Yucatán received more than 434 million US dollars in remittances in 2023

by Yucatan Times
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Through a statement, the Institute for the Development of Mayan Culture of the State of Yucatán (indemaya) announced that, in the year 2023, Yucatán will receive more than 434.24 million dollars, more than 7.4 billion pesos at the current exchange rate, of Yucatecans living abroad, the largest number of residents in the United States, which represented an increase, compared to 2022, of 41.95 million dollars.

For his part, Eric Villanueva Mukul, General Director of Indemaya, highlighted that this figure, historic for the entity, was more than 10 percent higher than the 12 months of 2022, which reflects the importance that the Yucatecans who have lived and worked abroad.

Indemaya
Eric Villanueva Mukul, director of Indemaya Credit: Communiqué

“Remittances in Yucatán continue to increase during the administration of Governor Mauricio Vila Dosal, and in 2023 he left a record figure, which is of great help to the state’s economy, and mainly the municipalities and communities where those who send the dollars originate. ”, he stressed.

Villanueva Mukul assured that with the remittances received in Yucatán, the economy is energized, as it is a strong injection of resources that benefits families, and local businesses and becomes a stimulus for other sectors of the entity.ADVERTISING

He explained that according to official figures from the Bank of Mexico, in 2023 the arrival of remittances to Yucatán was distributed as follows: January-March 98.65 million dollars; April-June 109.59 million dollars; July-September 117.22 million dollars and finally, during the October-December period, a total of 108.76 million dollars arrived in the state.

Remittances to Yucatan
In 2023, Yucatán received more than 434.24 million dollars

Eric Villanueva highlighted that by municipality, Mérida was the city that received the most remittances in 2023, capturing 148.09 million dollars, followed by Oxkutzcab with 86.41; Tekax with 49.53; Ticul with 33.20; Bib with 20.25; Cenotillo with 9.46; Buctzotz with 9.13; Hunucmá with 8.60; Motul with 8.43 and Teabo with 8.07.

He specified that these 10 municipalities raised a total of 381.22 million dollars in 2023, which represented more than 87 percent of what was sent from abroad to Yucatan.

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