According to the Central Bank, remittances sent by Mexicans, mostly from the United States, rose 6.34% in January, when compared to the same month last year.
Remittances during January 2017 were 2,055.22 million dollars. However, in 2016, that amount was 1,932.75 million dollars.
In 2016, remittances set a record of $ 26,970.28 million and they were one of Mexico’s main foreign exchange sources along with oil export revenues and foreign direct investment.
These resources have been threatened by US President Donald Trump, who said during his campaign that he could levy a tax or intervene them to finance the construction of a controversial wall along the common border.
Senior Mexican officials have said that taxing remittances would be a reason for their government to break the dialogue it plans to hold with the United States in mid-year to renew the terms of the North American Free Trade Agreement (NAFTA).