Mexicans working abroad, mainly in the US, sent nearly $25 billion in 2015 to their relatives and loved ones back home, Mexico’s Central Bank reports. This is the first time remittances were the most important source of revenue for Mexico since officials started tracking the figure in 1995.
That money is a lifeline for many poor Mexicans, especially when the economy is struggling.
The Trump administration could make it much harder for Mexicans or Americans in the US to send cash to the country by blocking remittances — an idea Trump floated on the campaign trail in a letter to The Washington Post.
In the same letter, the Trump campaign also threatened to cancel visas and raise visa fees as means to either fund the wall or get Mexico to pay for it.