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LatinNews Daily - 04 November 2025
In brief: Remittances to Mexico continue to drop
*Mexico’s central bank (Banxico) has announced that remittances sent to the country in September totalled US$5.21bn, representing a year-on-year decrease of 2.7%. This follows yearly drops of 8.3% in August, 4.7% in July, 16.2% in June, 4.6% in May, and 12.1% in April. Accumulated remittances received between January and September 2025 totalled US$45.68bn, down 5.5% on the US$48.36bn received in the same period of 2024. Remittances from the US have come under pressure from a new remittance tax of 1% and the hardline anti-migration measures being implemented by the government of President Donald Trump.
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