Remittances to El Salvador nearing export totals
The influx of dollars via remittances is close to reaching the figure for exports.
Tuesday, August 5, 2008
Remittances from family members abroad totaled US$1.9385 billion during the first semester of 2008, surpassed by US$361.7 million in exports during the same period.
In 2008 there was an average monthly income of $315.6 million, higher than the $307.9 average for 2007.
Billions of dollars that alleviate poverty but put conditions on the productive development of Central American countries.
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.
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.
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