Remittances to El Salvador increase
Remittances from Salvadorans in the US continue to be significant and as of August was at a total of $2.6 million.
Wednesday, September 24, 2008
According to reports from the Central Reserve Bank (BCR), this figure is $121.1 million more than the earnings for the same period in 2007.
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.
In March the country received $343.2 million, $27.3 million more than in 2009, or an 8.7% increase.
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.
Remittances that foreign-based Salvadoreans send home to their families grew by 4.6 percent last may and reached 353.4 million dollars.
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