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SourceMex PDF file 1997 right arrow Feb

Mexican Citizens Moved Nearly US$7 Billion to Foreign Banks in 1995, 1996

ISSN:1054-8890
LADB Article ID: 55317
Category/Department: Mexico
Date: 1997-02-26
By: LADB Staff

According to a report published by the Banco de Mexico (central bank) in mid-February, Mexican residents sent a total of US$6.9 billion to overseas banks in 1995 and 1996. The report said capital flight coincided with Mexico's economic crisis, which followed the devaluation of the peso in December 1994.

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