For September, remittance inflows to the country have now declined for six consecutive months. However, according to data from the Bank of Mexico (Banxico), the contraction in the last month was milder, standing at 2.7%. The data published this Monday show an inflow of $5,214 million during September, while the accumulated total for the first nine months of the year reached $45,681 million, representing an annual decrease of 5.5%. Banxico explained that from January to September 2025, 99.2% of total remittance income was made through electronic transfers; in contrast, cash and in-kind transfers, as well as money orders, accounted for only 0.6% and 0.2% of the total amount, respectively. The decline in remittances is occurring amidst the anti-migration policies of U.S. President Donald Trump, with an escalation in migrant detentions and signs of further tightening. In an interview this weekend, the president stated that the raids on undocumented people 'have not gone too far,' justifying the violence he claims is perpetrated by ICE agents.
