Thread: Mexicans sent $31.5B back home from US during first half of 2024

Mexicans sent $31.5B back home from US during first half of 2024

by: Salvador Rivera
Posted: Aug 2, 2024 / 02:04 PM CDT
Updated: Aug 2, 2024 / 02:04 PM CDT

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SAN DIEGO (Border Report) — Almost $31.5 billion in remittances were sent from the U.S. to Mexico during the first half of 2024, according to the Bank of Mexico (BANXICO).

A remittance is considered any money sent as payment for goods and services or as a gift to family or friends.

The amount of dollars sent in the first six months of this year represents a 3.7 percent increase over the same time last year.

In June alone, $6.2 billion was delivered to Mexico, a record sum for a single month.

Peso losing strength against dollar, exchange houses continue to see slide

In 2023, a total of $64.4 billion was sent back.

According to BANXICO, 99 percent of the money is being delivered through digital channels.

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Mexico’s National Bank is also reporting that Mexicans themselves are setting records when it comes to sending money abroad. During the first half of 2024, people in Mexico sent $687 million to other countries.

https://www.borderreport.com/news/tr...-half-of-2024/

Why is this money not taxed!!!!

Pass a 15% REMITTANCE TAX and every dime should be used to build the wall, pay for deportations, pay border patrol wages, and build a 25' permanent concrete sea wall in the Rio Grande and keep them from climbing up the banks of the river.

And pay for a Special Task Force in every state to round up illegal aliens, process them, and ship them back!

"Follow the money" is an authentic strategy to find the TRUTH