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.

"The decrease in the flow of remittances in recent years is the result of the impact of the global financial crisis in the U.S. economy, which resulted in fewer jobs," reports Prensalibre.com.

More on this topic

Remittances to Guatemala increase by 8.7%

May 2011

In the first quarter of the year, remittance income increased by 8.7%, $108.4 million, compared to the same period in 2010.

According to the Bank of Guatemala, in April alone, $371.2 million entered the country, an increase of 7.8% compared to $344.4 million in the same period in 2010.

Remittances to Guatemala Increase by 8.5%

September 2011

In August, total remittances received amounted to $409.5 million, 8.5% higher than in the same month in 2010.

In July remittances reported a decline of 9% compared to the same month in 2010.

According to the Bank of Guatemala, between January and August the total amount of remittances coming into the country was $2.934 million, 6.7% higher than the $2.748 million in the same period of 2010.

Nicaragua: Remittances Up 9%

September 2011

Between January and July, Nicaraguans living abroad sent $509 million to the country, which is 9% more than in the same period in 2010.

Despite the economic crisis affecting the United States, one of the main destinations of choice for Nicaraguans seeking better opportunities, the money they send to their families in Nicaragua continues to grow.

Remittances to El Salvador Total $2.1 Billion to July

August 2010

Remittances received between January and July this year recorded a 2.5% increase year-on-year relative to the same period in 2009.

According to information from El Salvador's central bank (BCR), in the month of July alone $6.7 million more was remitted than in the same month of 2009.

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