« previous next »
Pages: [1]   Go Down

Author Topic: Money Wired To Mexico Hits A Decade Low As US Immigration Policies Take Hold  (Read 135 times)

0 Members and 1 Guest are viewing this topic.

Online rangerrebew

  • TBR Contributor
  • *****
  • Posts: 181,765
Money Wired To Mexico Hits A Decade Low As US Immigration Policies Take Hold
« on: August 24, 2025, 10:17:53 am »
Money Wired To Mexico Hits A Decade Low As US Immigration Policies Take Hold

by Tyler Durden

Saturday, Aug 23, 2025 - 04:20 PM

Authored by Darlene McCormick Sanchez via The Epoch Times,

The Trump administration’s crackdown on illegal immigration is playing a role in the sharpest decline in monthly remittances to Mexico in more than a decade, analysts say.



According to numbers released this month from the Bank of Mexico (Banxico), income from remittances abroad stood at $5.2 billion in June, a 16.2 percent decrease compared with June 2024.

That represents the largest drop in 13 years, according to a report from BBVA Research.

Remittances in 2024 represented approximately 3.4 percent of Mexico’s gross domestic product, according to the World Bank.

Remittances are transfers of money earned in the United States to such parties as relatives, friends, or business associates abroad. Ninety-nine percent of the remittances sent in the first half of 2025 were made through electronic funds transfers, according to the BBVA report.

https://www.alipac.us/f12/money-wired-mexico-hits-decade-low-us-immigration-policies-take-hold-432684/
Logged
The unity of government which constitutes you one people is also now dear to you. It is justly so, for it is a main pillar in the edifice of your real independence, the support of your tranquility at home, your peace abroad; of your safety; of your prosperity; of that very liberty which you so highly prize. But as it is easy to foresee that, from different causes and from different quarters, much pains will be taken, many artifices employed to weaken in your minds the conviction of this truth.  George Washington - Farewell Address

Offline GtHawk

  • Hero Member
  • *****
  • Posts: 15,231
  • Gender: Male
  • Well EXCUSE me!
Re: Money Wired To Mexico Hits A Decade Low As US Immigration Policies Take Hold
« Reply #1 on: August 24, 2025, 11:51:32 am »
Now that’s gonna put a debt in the Mejican economy.
Logged

Online Fishrrman

  • Hero Member
  • *****
  • Posts: 15,031
  • Gender: Male
  • Dumbest member of the forum
Re: Money Wired To Mexico Hits A Decade Low As US Immigration Policies Take Hold
« Reply #2 on: August 24, 2025, 04:10:38 pm »
The money that is still being sent, should still be... taxed.

10-15% on ALL remittances to foreign countries (ALL of them) should be taxed...
Logged
Pages: [1]   Go Up
« previous next »