Remittances to El Salvador Up 4.2%

During the month of September, the country received $315.4 million in remittances, $12.7 million more than in the same period in 2012.

Friday, October 18, 2013

From a press release issued by the Central Reserve Bank of El Salvador:

Salvadorans living abroad sent remittances worth $2.9317 billion in the period between January and September 2013, an increase of $38.4 million, equivalent to a growth rate of 1.3% annually.

The monthly average remittances received during this period was $325.7 million, or $4.3 million more than the average for the same period in 2012.

In the month of September 2013 alone remittance income totaled $315.4 million, which is $12.7 million more than in September last year, equivalent to an increase of 4.2%. These shipments were made in a total of 1,234,766 operations.

Salvadorans currently receiving remittances have more options for making these types of payments, as they can use banks, credit unions federations, telephone companies, supermarkets, trustees, and other options, causing the market to be increasingly competitive.

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During the first four months of the year, family remittances received by the country totaled $1.776 million, 4% more than reported in the same period of 2018.

Family remittances from El Salvador totaled $1.776 million in the first four months of 2019, $66.1 million more than the income received under this concept in the same period of the previous year, informed the Central Reserve Bank.

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During the month of August remittances to El Salvador totaled $326.6 million, $11.2 million more than in the same period in 2012.

From a press release issued by the Central Reserve Bank of El Salvador:

Remittances from Salvadorans living abroad during the month of August 2013, totaled $326.6 million, up by $11.2 million and recording a growth rate of 3.5% compared to the same month last year, reported the department of Studies and Economic Statistics at the Central Reserve Bank.

Remittances to El Salvador to Up 7% up to August

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Family remittances sent by Salvadorans living abroad, amounted up to August, to $2.5907 billion, registering a growth rate of 7% compared to the same month last year.

A press release of the Central Reserve Bank of El Salvador reads:

Family remittances sent by Salvadorans living abroad, amounted up to August U.S.

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Remittances, vital for the country's economy, saw a 4.5% increase, year-on-year in the first quarter of 2011.

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