Remittances Through Costa Rica's Postal Service
The State's Postal Service, "Correos de Costa Rica", commenced a pilot plan for sending to and receiving money from Nicaragua.
Wednesday, September 9, 2009
Starting February, the service will be expanded to Spain, Uruguay, Chile, Colombia, Argentina and Peru.
By country: Guatemala $4.37 billion; El Salvador $3.65 billion; Honduras $2.86 billion; Nicaragua $1.05 billion; Panama $592 millions; Costa Rica $530 millions.
The service will be provided through the post office services of Costa Rica and Peru, Spain, Chile, Uruguay, Argentina, Ecuador and Colombia.
Costa Rica joins the list of countries offering the "Corregiros" service that enables money to transferred in 15 minutes.
The bill would grant state-owned "Correos de Costa Rica" a monopoly over letters or packages weighting less than 500 grams.
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