Guatemala: Remittances Fall
Despite a 15% increase over January 2010, foreign wires still have not reached the $ 290.2 million of 2009.
Friday, February 4, 2011
According to information from Banco de Guatemala, incoming wires in January 2011 were $ 283 million.
In the first quarter of the year, remittance income increased by 8.7%, $108.4 million, compared to the same period in 2010.
In August, total remittances received amounted to $409.5 million, 8.5% higher than in the same month in 2010.
Between January and July, Nicaraguans living abroad sent $509 million to the country, which is 9% more than in the same period in 2010.
Remittances received between January and July this year recorded a 2.5% increase year-on-year relative to the same period in 2009.
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