Virginia Dare (@VDARE)

For years, remittances have been a key source of revenue for the Mexican government. The more money Mexicans living here send home, the more of that money circulates through the Mexican economy. As The Wall Street Journal reported in January, they jumped 11.2 percent to $36.9 billion in the first 11 months of 2020, a figure that exceeded 2019’s record $36.4 billion, itself a record. As well, the average remittance, $340, was 4.3 percent higher than in 2019. And as I observed in March, the total for January this year, $3.3 billion, jumped 26 percent from January 2020. Now, the Mexican government has made such transfers more convenient: Arthur Herrera, Secretary of the Treasury, began the delivery of debit cards of the Bank of Well-Being for migrants, so they can send their remittances through this program to their relatives in Mexico at a competitive price. Herrera even went to Chicago to kick off the program and explain how important remittances are: In a conference with representatives of the Mexican community in Chicago, Herrera recognized the importance of remittances for the country, given that during 2020, the amount of remittances entering Mexico was over $40.6 billion … these payments surpassed income for petroleum exports and tourism. ... Sandra Morales, who is in charge of financial inclusion in the Bank of Well-Being, explained that the Debit-Account Express is an account that can be opened remotely through the Internet, that is, without the necessity of being in Mexico, utilizing the consular card or a passport as official identification, while credit cards are used for payment in the consulate. The cards were tested in a pilot program that involved four consulates, and it’s going so smoothly in the United States that Mexico will soon expand it to Canada, Europe, and Latin America. Soon the whole world will be sending money to Mexico! https://vdare.com/articles/said-in-spanish-4-items-mexican-immigration-rising-anti-immigrant-crime-increases-in-mexico-conquistador-american-academic-claims-latinos-saved-american-cities-etc#boost