Rise in Salvadoran Wires

Between January and September, wires amounted to $ 2,645.3 million, 2.4% higher than the same period of 2009.

Wednesday, October 13, 2010

According to statistics from the Central Reserve Bank, incomes in the month of September were $ 270.7 million, 0.1% lower than the same month last year.

Elsalvador.com on its website reports, "The average monthly income for the first nine months of this year has been $ 293.9 million, exceeding by $ 6.8 million the same period of 2009."

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Remittances to El Salvador Up 3.5%

September 2013

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.

El Salvador Receives $2.708 million in Remittances

October 2011

From January to September, the country’s remittances were 5.3% more than in the same period in 2010.

In September alone, $286 million came into the country, exceeding the $26 million that came in September 2010.

The largest increase was recorded in the third quarter (July-September), being 7.3% more than in the same period last year.

Remittances to El Salvador as of March Reach $866 Million

April 2011

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

On average, in the first quarter of the year the country received $286.6 million in remittances, 0.9% more than the figure recorded in the same period of 2010.

"Remittances are an important source of income for the Salvadoran economy, making up 16.3% of the annual Gross Domestic Product (GDP), equivalent to 76.7% of total export value and covering 40.1% of the value of goods imported," according to Elsalvador.com.

Remittances to El Salvador Total $2.1 Billion to July

August 2010

Remittances received between January and July this year recorded a 2.5% increase year-on-year relative to the same period in 2009.

According to information from El Salvador's central bank (BCR), in the month of July alone $6.7 million more was remitted than in the same month of 2009.

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