Open AccessFinancial impact of foreign exchange entering the state of Guanajuato
Author(s) -
María De La Luz Gómez-Bravo,
Jessica Margarita Gomez-Bravo,
Miguel Ángel Andrade-Oseguera,
José Luis Bárcenas-Puente
Publication year - 2019
Publication title -
revista de administración y finanzas
Language(s) - English
Resource type - Journals
ISSN - 2410-342X
DOI - 10.35429/jaf.2019.18.6.7.11
Subject(s) - quarter (canadian coin) , state (computer science) , business , agricultural economics , work (physics) , product (mathematics) , gross domestic product , geography , economics , economy , finance , economic growth , engineering , algorithm , computer science , mechanical engineering , geometry , mathematics , archaeology
This work is focused on the financial impact that the state of Guanajuato has for the dozens of families that depend on the currencies sent by their relatives who are in the United States of America since these are the ones that reactivate the economy of the 46 municipalities of the state, the Currencies are almost 90% of the sources of income for families in the state. The Bank of Mexico reported that in the first half of the year more than One Thousand Two Hundred million dollars arrived, then approximately 600 million dollars are arriving in the state per quarter, this money that is sent by migrants has been destined to the basic needs of their relatives a 70% is used in food the other 30% is used in health and housing modifications. This places the state of Guanajuato in 3rd place of migrants to the neighboring country, the currencies for the state represent 6% of the Gross Domestic Product GDP of the state