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A woman speaks on the phone outside a money exchange office in Ciudad Juarez, Mexico.

Reuters

Hard Numbers: Mexicans benefit from US labor boom, UAE-Euro remittances surge, Egypt feels the Ukraine burn, Bangladesh’s cap

16.6: Remittances to Mexico in the year leading up to July rose a whopping 16.6% to $32.8 billion, in large part due to the US’ post-pandemic booming labor market. Unemployment levels remain very low in the US – a good thing for Mexican remittances – though that could change as the US Federal Reserve doubles down on its effort to quell inflation.

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