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By Mariana Allende - Tue, 12/02/2025 - 17:32
Mexico’s October remittances slipped 1.7% YoY and marked a seventh month of contraction despite a modest monthly uptick.
https://mexicobusiness.news/tag/foreign-exchange
More Finance & Fintech
By Mariana Allende - Fri, 06/13/2025 - 15:54
A proposed US 3.5% remittance tax may raise credit delinquency and cut retail banking deposits in Mexico, warns Banxico.
By MBN Staff - Mon, 05/26/2025 - 15:54
The peso hit its strongest level under Sheinbaum, rising 2.3% as US-China trade tensions weakened the US dollar.
By MBN Staff - Fri, 05/16/2025 - 09:55
Banxico cut its benchmark rate by 50 bps to 8.50%, marking its third straight cut, with further reductions anticipated in June.
By Mariana Allende - Fri, 05/16/2025 - 07:41
President Sheinbaum and fintech leaders criticize a US proposal for a 5% remittance tax, calling it "unacceptable" and "deeply regressive."
By MBN Staff - Fri, 05/16/2025 - 07:38
The peso rose 0.06% to MX$19.36/USD, aided by a weaker dollar as investors awaited Banxico's interest rate decision.
By MBN Staff - Wed, 05/14/2025 - 11:02
Mexico’s SAT reported MX$2 trillion in tax revenue from Jan-Apr 2025, a 9.9% real increase, marking the highest growth for this period in a decade.
By MBN Staff - Tue, 05/13/2025 - 12:45
House Republicans propose a 5% remittance fee for undocumented immigrants, target elite universities, and aim to make Trump-era tax cuts permanent.
By MBN Staff - Tue, 05/06/2025 - 13:20
Remittances to Mexico reached US$5.1 billion in March 2025, rebounding after three months of declines.
By Paulina Aguilar Vela - Fri, 04/04/2025 - 06:00
US tariffs are sparking trade volatility, impacting markets and business confidence. Mexico needs resilience strategies, writes Paulina Aguilar.
