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Why “No mas dolares” going south?

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Posted By: Magnante, 9/14/2025 12:22:41 PM

I just spoke with my friend Allan Wall, a Mexico analyst, and we discussed the fact that dollars are not going south, i.e., remittances or “remesas” in Spanish. This is the report: According to the Banco de México , “In July of 2025, remittance income from the exterior [mostly the U.S.] totalled 5.33 billion dollars, a decrease of 4.7%.” That’s 4.7% less than July of 2024. (snip) it’s embarrassing that Mexico, a country rich in resources, must depend on someone sending a monthly transfer to his mom. They unleash criticism of a government that won’t develop its own resources, such as oil, but would rather depend on foreign welfare.

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Reply 1 - Posted by: earlybird 9/14/2025 12:34:04 PM (No. 2003816)
Tax it.
10 people like this.

Reply 2 - Posted by: mc squared 9/14/2025 12:35:02 PM (No. 2003817)
Judging by the welcoming attitude of our prior administration, there may have been a considerable sum going to the 'Big Guy'. I'd like an examination of that.
13 people like this.

Reply 3 - Posted by: Noj15 9/14/2025 1:24:02 PM (No. 2003842)
Frickin' parasites bleeding the USA dry.
7 people like this.

Reply 4 - Posted by: DVC 9/14/2025 1:32:10 PM (No. 2003850)
I agree fully with #1. Tax it, heavily. And a loss of 4.7% is nothing remotely like "no mas", but we should set that as the goal.
7 people like this.

Reply 5 - Posted by: thefield 9/14/2025 3:30:42 PM (No. 2003885)
A reduction of 240 million. No improvement until it hits 4.5 billion. This is why Mexico doesn't want to help. Remember this is only one month.
6 people like this.

Reply 6 - Posted by: Omen55 9/14/2025 4:02:53 PM (No. 2003890)
Trump making Mexico pay.
1 person likes this.

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Posted by Magnante 9/14/2025 12:22:41 PM Post Reply
I just spoke with my friend Allan Wall, a Mexico analyst, and we discussed the fact that dollars are not going south, i.e., remittances or “remesas” in Spanish. This is the report: According to the Banco de México , “In July of 2025, remittance income from the exterior [mostly the U.S.] totalled 5.33 billion dollars, a decrease of 4.7%.” That’s 4.7% less than July of 2024. (snip) it’s embarrassing that Mexico, a country rich in resources, must depend on someone sending a monthly transfer to his mom. They unleash criticism of a government that won’t develop its own resources, such as oil, but would rather depend on foreign welfare.
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