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Individuals outside of Mexico who sent money home in 2017 broke all prior records with more than $26.1 billion in 11 months. The latest figures from Mexico’s Central Bank (Banxico) show 2017 being a record-breaking year for receiving remittances by Mexicans abroad. From January to November 2017, Mexicans sent $26,167,00,000, the highest figure to date. In 2016, another record-setting year, Mexicans sent $24.1 billion. Banxico reports that 97 percent of the funds sent to Mexico came through wire transfers. Mexico’s second largest source of income was the export of oil for $18.5 billion in the first 10 months of 2017....

Mexico's biggest cash cow is under threat from President Donald Trump. The country's largest source of cash comes from Mexicans living in the United States. That is now under the microscope after Trump issued an executive order Wednesday to start building a wall on the border. During his campaign, Trump said multiple times that Mexico will pay for the wall. He even threatened to halt or tax cash transfers -- known as remittances -- from the U.S. to Mexico if the country refused to pay for it. Powered by SmartAsset.com SmartAsset.com "They will reimburse us for the cost of the...