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.
Last month, the total income was $305.7 million, a drop when compared to the same month in 2007 when the amount received was $312.2.

More on this topic

Remittances to El Salvador surge to US$1.25 billion in year through April

May 2008

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.

The rate of increase is speeding up, the BCR added. In April remittances came to US$338.5 million, a 9.1 percent year-on-year rise.

Remittances to El Salvador Rebound After Falling for 16 Months

April 2010

In March the country received $343.2 million, $27.3 million more than in 2009, or an 8.7% increase.

Data from the Central Bank (BCR) revealed that between January and March 2010 the country received $848.4 million in remittances, an increase of 0.6% when compared to the same period of 2009.

Remittances to El Salvador approach $2 billion

July 2008

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.

This is about 120 million dollars more than the amount sent home in 2007.

Remittances to El Salvador rise to $353.4 million

June 2008

Remittances that foreign-based Salvadoreans send home to their families grew by 4.6 percent last may and reached 353.4 million dollars.

The Central Reserve Bank said in a press release that this compares with the 338 million dollars sent home in May 2007.
Remittances have also increased on a year-to-date basis. They rose 6.3 percent between January and May, to a total of 1.604 billion dollars.

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