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/
