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LatinNews Daily - 03 March 2026
In brief: Remittances to Mexico continue to fall in January
*Mexico’s central bank (Banxico) has released remittance figures for the first month of 2026, announcing that remittances to Mexico totalled US$4.59bn. This represents a 1.4% drop year-on-year and is down from remittances of US$5.32bn received in December 2025. December marked the first annual increase in remittance inflows following eight consecutive months of yearly drops between April and November 2025. Remittance inflows in 2025 totalled US$61.79bn, down from the US$64.75bn received in 2024 and US$63.31bn in 2023. This represented the first annual decline since 2013 and the steepest drop since 2009, when a decrease of 15.5% was recorded, according to Spanish newspaper El País. On social media, Gabriela Siller, director of economic analysis at Mexican private bank Banco Base, stated that “the problem with remittances continues to be the decline in the number of transfers”, noting that in January, 11.46m remittance transactions were recorded, showing an annual decline of 5.2%, and marking the tenth consecutive month of decreases.
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