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Latin Times
Latin Times
Business
Alejandro Angeles

The Paradox of Remittances in Mexico: A Win for AMLO, But Not for Everyone on The Street

Food prices have risen, and recipients in Mexico are receiving smaller amounts through wire transfer services (Credit: AFP)

For the past 10 years, Manuel Guerrero has faithfully sent $400 monthly to his parents in the Mexican state of Guanajuato, using what he considers the most practical and convenient mechanisms.

"I've tried everything, from sending cash with relatives or friends initially to using wire transfer services, depositing money into savings accounts, and even crypto. Whatever helps my folks get a few more pesos," the logistics worker in Metro Atlanta told The Latin Times.

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