Data shows that sending money to Mexico under Trump

Does US President Donald Trump’s mass transnational agenda afraid Mexican immigrants in the United States to send money out of money? The Bank of Mexico (Panico) says this is the data.

The money sent to Mexico fell 12.1% annually in April, which fell annually from 2012 to any month.

Panico reported on Monday, $ 5.41 billion in the same month, a year ago. The annual decline of 12.1% is the largest decline in the year since September 2012.

A post for xGabriela Chiller, director of the Economic Analysis of the Banco site, said, “This decline was due to the” fear of the collapse of the labor market and the deportation of the diaspora “, which is” to avoid going to work and/or sending money. “

Alberto Ramos, the head of the Latin America economy at Goldman Sachch, also added to the fall of money to harden immigration policies in the United States. Researchers of BPVA Bank consider that weakening the dollar against Peso in April has led to a decline in sending money. Another contributor to the decline was Easter fell in April this year, whereas it was in March 2024.

Most of the money sent to Mexico came from the United States, where millions of Mexican – documented and unpredictable – live and work. Mexico The second largest recipient of the world who sent money after India.

The decline in sending money in April fell 2.5% per year and fell 0.8% in February. Mexico sent $ 64.74 billion in 2024, 11th year of continuous transfers.

The decline in April was $ 19.01 billion, with the total amount of money sent to Mexico in the first four months of the year to $ 19.01 billion annually. Trump was in power for most of this period and started his second post on January 20.

During his 2024 presidential election campaign, Trump said he was planning to “carry out the largest deportation in American history” if it was elected for the second time. For more than four months for the second Trump administration, the number of deportation has not yet matched the pre -election rhetoric of the US president’s election.

However, US Immigration and Customs Enforcement have increased the exile throughout the United States, and it is feared that Trump’s deportation work will further increase. In addition to that concern, Domestic Security Secretary Christie Noim The US government reiterated on Sunday that “is going to be deported by mass. ”

Release of recent Saniko data on sending money came to the United States of Representatives of the United States The law was enacted on May 22 This will impose a 3.5% money tax on the funds sent abroad by non -US citizens.

The Mexican government strongly opposes the proposed moveIf this is recognized by the US Senate, it becomes a law.

In a note of Mexican Bank, Banorte said that if the tax is recognized, the “increase of runs” to send money to Mexico will occur.

The long -term impact of the money sending line in the United States is “still uncertain,” Panorte said.

The number of money sending and their average value is at least in April

In April, Bansigo reported that about 12.4 million personal money was sent to Mexico. The average value of those transfers is 5 385.

The total number of money sending was 8.1% lower than a year ago, while the average value of an exchange is 4.4%.

When it was converted into pesos, sending money was actually increased

As for the latest data on sending money, Mexico had some good news in April: their Peso-value increased annually because thanks to the most favorable replacement rate because Peso was more weak in April than the same month in April 2024 When the Mexican currency reached an almost nine -year hike against Green Back.

With the inflation taken into account, the real annual increase in the sending of Peso regulations in April was 5.5%, newspaper El Economista said.

The reception news for a significant number of Mexican families depends on the payment of their basic needs.

Currency transfers have represented 3% -4% of Mexico’s GDP in recent years.

According to the center of strategic and international studies.

With reports from EconomistOvarian FinanceOvarian Reform And Reoid