Remittances from Migrants Living Abroad to Mexico Drop Slightly in February Noe Torres - Reuters
go to original April 3, 2017

Mexican Breadwinners Fear Paying for Trump’s Border Wall (KPBS News)

The amount of money sent home by Mexican migrants living abroad slipped slightly in February versus a year ago, the first year-on-year drop since March 2016, central bank data showed this week.

Remittances to Mexico totaled $2.052 billion in February, down 1.4 percent from a year earlier. That compares to remittances of $2.055 billion in January.

U.S. President Donald Trump ran an election campaign steeped in anti-Mexican rhetoric and threatened to halt transfers from Mexican nationals unless Mexico agreed to pay for a wall he wants built on the U.S. southern border to keep out illegal immigrants.

Mexico has said it will defend the free flow of remittances.

Remittances to Mexico totaled $26.97 billion in 2016, up nearly 9 percent from 2015, and the highest ever according to Mexican central bank figures that go back to 1995.

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