Remittances to El Salvador approach $2 billion
Families in El Salvador received about 1.94 billion dollars through remittences from family members living abroad during the first six months of this year, according to the nation's Central Reserve Bank.
Friday, July 11, 2008
This is about 120 million dollars more than the amount sent home in 2007.
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.
Despite the worldwide economic slowdown, remittances to families in Guatemala from members who live abroad have grown by 8.69 percent for the January-June period this year.
Remittances that foreign-based Salvadoreans send home to their families grew by 4.6 percent last may and reached 353.4 million dollars.
Remittances from emigrants to their families in El Salvador reached US$1.25 billion in the first four months of this year, a 6.9 percent increase on the same month of 2007, the nation's central bank, the BCR, reported.
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