Pemex's Predicament: Energy Challenges Threaten the Peso, Yet Rising Oil Prices May Provide Relief
Remittances from Mexican expatriates, a critical financial lifeline, significantly boost the peso. In 2023, remittances soared to a historic $60 billion, overtaking oil exports as the top foreign currency source. These dollar inflows strengthen the peso and fuel domestic economic activities. Yet, variables such as the economic climate in the US and