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| Economy |
| The Remittance Tool to Encourage Mexico on Immigration-The money Mexican migrants send home to their relatives grew by 7.6% in 2023, a record $63.3 billion for the year. |
| 2024-12-21 |
| [AyPee] The money that Mexican migrants send home to their relatives grew by 7.6% in 2023, to reach a record $63.3 billion for the year, Mexico’s central bank said Thursday. The money transfers, known as remittances, have been booming since the coronavirus pandemic, but the rate of growth continued to cool somewhat in 2023. In 2022, remittances grew by 13.4%, totaling about $58.9 billion for the year as a whole. In 2021, remittances grew by an astounding 27.1%, totaling about $51.6 billion for that year. Observers have said the slower growth may be due to a combination of factors like slower economic growth in the United States — where most Mexican migrants work — higher inflation and a stronger Mexican peso. Remittances now surpass almost all other sources of the country’s foreign income, including tourism, oil exports and most manufacturing exports. |
| Posted by:NoMoreBS |
| #4 We stand on the brink of necessary change. The impact is going to hit institutions that try to maintain the status quo will be swept away. Trump has won. Trudeau will fall in January. The Mexico of today will not be the Mexico of 2028. It’s going to be a mess for them. |
| Posted by: Super Hose 2024-12-21 10:34 |
| #3 Have long agreed with the idea present in #1. Apply a tax on any such international MoneyGram transactions. Force traceability to collect the same taxes US Citizens forced to pre-pay. Also track the $$$$ back to employers to see if E-Verify is being followed. |
| Posted by: NN2N1 2024-12-21 05:39 |
| #2 Remittances now surpass almost all other sources of the country’s foreign income, including tourism, oil exports and most manufacturing exports. Percentage of "Remittances" which are non-reported income ? Percentage of "Remittances" which have a illegal drug connection ? Percentage of "Remittances" used for human trafficing ? |
| Posted by: Besoeker 2024-12-21 02:03 |
| #1 Tax all moneys transferred to Mexico or any other country. Wells Fargo, etc. tax it! |
| Posted by: Wholuck Slaviter4302 2024-12-21 00:50 |