Comments on: Remittances to Mexico plummet 16.2% in June, the biggest drop in over a decade

By: Caguichi

Caguichi — Tue, 05 Aug 2025 16:43:27 +0000

In reply to Robert Burns.

By: Robert Burns

Robert Burns — Tue, 05 Aug 2025 04:45:51 +0000

In reply to Richard Fryer.

La Presidenta has worked that out. I believe that the drop is predominantly due to impairment of earnings caused by the unleashing of stormstroopers and mass deportations.

By: Darren Flood

Darren Flood — Tue, 05 Aug 2025 03:33:35 +0000

In reply to Richard Fryer.

MND, please clarify the difference between a “remittance” and a wire transfer of MXN (peso) from a foreign account to a Mexican bank account by a USA or CAN expat. You did it in once or twice in articles but it needs to be repeated consistently when there is articles on the subject.

By: Karlos

Karlos — Tue, 05 Aug 2025 02:54:14 +0000

There are alternative methods for transferring money that are not tracked in this manner.

By: Guillermo Dix

Guillermo Dix — Tue, 05 Aug 2025 01:38:33 +0000

In reply to Richard Fryer.

Yes! It would be nice to be given some viable alternatives.

By: T.

T. — Mon, 04 Aug 2025 23:16:00 +0000

That is a large amount of money not coming into the Mexico Economy. This will be a major topic when the next table meeting regarding tariffs. Tariffs will get the coverage but you can bet that, legal immigration, remittance tax, crime and drugs will be used as a leverage from both sides to get a deal that will work for both sides. When the USA needs labor and Mexico needs remittance revenue, a deal has to be made.

By: Richard Fryer

Richard Fryer — Mon, 04 Aug 2025 21:52:55 +0000

….the suspension of 3 banks, including Intercam, from the US currency banking and FOREX foreign exchange market didn’t help. This is of serious concern particularly for residente or 6 month ‘snowbirds’ who tend to use the Mexican banking system far more.

Short term visitors or tourists who often stay for a month or less usually use the ATM. So for the most par,t they have not been affected by these currency exchange banking restrictions….

MND really needs to do a review of the present situation, clear up any misconceptions (of which there are many) and to review any practical workarounds to what may be a difficult situation for some Mexican ex-pats. Using a credit card, especially one that does not charge a foreign currency exchange fee, may offer a partial workaround.