Remittances sent home from Mexicans in the U.S. have dropped more than 15% year-on-year as figures continue to drop amid the Trump administration's immigration crackdown and threats of imposing taxes on remittances.
Banxico, the Mexican central bank, said remittances have decreased by almost 6% since the beginning of the year and more than 16% year-on-year in June. That month, $5.2 billion were sent to Mexico.
