Mexico cenbank slams Trump remittance plan as rights violation

4/13/16 Reuters

380px-Agustin_CarstensU.S. presidential candidate Donald Trump’s proposal to force Mexico to pay for a border wall by threatening to block remittances from illegal immigrants would be a major violation of Mexicans’ rights, Mexico’s central bank governor said on Tuesday.

The Republican candidate said last week that if elected in November, he would use a U.S. anti-terrorism law to cut off such money transfers unless Mexico made a one-time payment of $5 billion to $10 billion for the wall.

Mexican Central Bank Governor Agustin Carstens, speaking in Mexico’s Congress, dismissed the idea.

“The remittances are the property of the people that make them and they have every right to be able to carry out international transfers,” Carstens told reporters. “So it would be a serious violation of the property rights of our fellow citizens abroad and this measure would be completely unjust.”

The U.S. remittances are worth roughly $25 billion per year, or close to 2 percent of Mexican gross domestic product.

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