The darker side of Mexico’s $63bn remittances boom

Here is an article from the Financial Times about the recent boom in electronic remittances to Mexico. The speculation is that much of the money might be coming from drug revenue and that has helped prop up the "superpeso" of 2023.

The darker side of Mexico’s $63bn remittances boom

The Financial Times allows a few free articles until they start pinging you to enroll in a subscription.

This has been well known and documented for some time. Last year a Mexican TV news reporter was offered access to inside how this money operation works, and it made for some excellent coverage.

There is nothing the governments can do to stop the flow of stupidly banned substances or the money they generate. The only sane solution is to remove the industry from violent organized criminals by legalizing and regulating it, using the revenue to educate as well as to treat abuse and addictions.