An AirPak remittance clerk helps a customer in Tegucigalpa, Honduras.
Photographer: Tomas Ayuso/BloombergTrump’s Deportations Are Driving a Remittance Boom in Latin America
Honduras sees transfers jump 25% as migrants, fearing their time in the US will be cut short by the president’s crackdown, bet their money is safer back home.
Economists say deportations from the US could lead to billions of lost remittances in coming years. But for now, the opposite is happening.