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LatinNews Daily - 02 October 2025
In brief: Remittances to Mexico fall again
*Mexico’s central bank (Banxico) has announced that remittances sent to the country in August totalled US$5.58bn, representing a year-on-year decrease of 8.3%. This follows yearly drops of 4.7% in July, 16.2% in June, 4.6% in May, and 12.1% in April. Accumulated remittances received over the first eight months of 2025 totalled US$40.47bn, down 5.9% on the US$43.00bn received in the same period of 2024. Remittance flows 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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