Actions taken to shut down illegal crossings of the U.S.-Mexico border, mass deportation operations across the country, and an unprecedented increase in ICE worksite enforcement operations are the likely cause of a more than $250 million drop in money sent to Mexico in April. The amount sent by Mexican citizens to their home country is the most significant drop in twelve years, according to Banco de México.

The April report published by Banxico.org, which tracks and analyzes remittances, shows a sharp reduction in electronic wire transfers and money orders when compared to the previous month. Mexican President Claudia Sheinbaum addressed the drop in remittances during a Tuesday morning press conference where she urged citizens to remain calm as officials analyze why the remittances

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