38 Billion dollars are sent from USA in remittances to other countries
30 Billion dollars are sent to Latin America of the 38 billions dollars
54% of the 30 billion dollars are sent to Mexico
American financial institutions account for less than eight percent of the remittance traffic.
On average, immigrants in the United States send money to their home countries 12.6 times a year, generally several hundred dollars at a time, according to a recent study by the Inter- American Development Bank.