Surprise Me!

Mexicans in US fear ban on money transfers back home

2017-01-03 2 Dailymotion

As the countdown begins to the Trump presidency in the US, anxiety is building in neighbouring Mexico as people there wait to see how their lives might be affected.<br /><br /> People are worried about the President-elect’s campaign promises to crack down on undocumented workers and build a border wall with Mexico.<br /><br /> And there is also the threat of a ban on Mexicans in the US sending money home, unless Mexico helps to pay for the wall. <br /><br /> In Ixmiquilpan in Hidalgo state, Monica Arroyo, the mother of a man who moved to Florida, told reporters: “If we have to survive alone, there’s almost no money here, hardly anything, hardly any work. <br /><br /> “So if they send our emigrants back here, there’ll be more poverty because over there they have work, they help us, they send us a little bit.”<br /><br /> It is estimated migrants in the US sent the equivalent of 26 billion euros to Mexico last year, a record figure.<br /><br /> And there was a big increase in the amount sent in the past few months, in anticipation of a possible money transfer ban.<br /><br /> In Florida, an employee in a money transfer business, Maria de la Luz Pioquinto, said: “The majority know that at any moment there could be a law that stops them from being here and they’ll have to go home.<br /><br /> “It’s not only Mexico, there are people from Salvador, Honduras and other countries, everyone is almost in the same situation. But it’s worse for the Mexicans because there are many more.” <br /><br /> Money transfers into Mexico represent a large part of the economy, much more than its earnings for oil exports or manufactured goods. <br /><br /> And at the moment no one knows for sure to what extent Trump could change all that.<br />

Buy Now on CodeCanyon