Wires to Guatemala Up 8%

Income received in the month of September totaled $ 359.3 million, 8.19% higher over the same period of 2009.

Thursday, October 7, 2010

The Bank of Guatemala (Banguat) indicated that the income from foreing wires between January and September totaled $ 3.107 million.

Prensalibre.com reports, "Oscar Monterroso, a Banguat executive, stated that at the end of 2010 the flow of wires should increase by 4.5 percent compared with 2009 and close at $ 4,883 million."

The bank executive signaled it was a modest recovery for foreign wires.

More on this topic

Remittances in Guatemalan Economy

April 2012

In 2011 remittances grew by 5% compared to 2010; so far 2012 the amounts have already exceed those from the same period in 2009, making up 10%-11% of Guatemala's GDP.

In 2011, remittances to Guatemala exceeded the record highs of 2007 and 2008, before the global crisis. Last year, Guatemalan migrants sent home $4.378 billion, according to the Bank of Guatemala (Banguat).

Guatemala: Historical Income in Remittances in May

June 2011

The reported monthly income of $415.3 million is the highest in the country's history.

According to the Banco de Guatemala (Banguat) it represents an increase of 16% compared to the same month in 2010.

"This is the second time the income remittance has exceeds $400 million in one month, the first time it happened was in July 2008 when the Banguat recorded $409.6 million.", explained an article in Elperiodico.com.gt

Guatemala: Record Revenue from Remittances in May

June 2012

The record, $451.5 million, represents an 8.7% increase compared to May 2011.

Migrants sent a record U.S. $451.5 million to their families in Guatemala, an increase of 8.7% or about $36.2 million more than in May 2011 (U.S. $415.3 million), according to the Bank of Guatemala (Banguat).

Guatemala: Remittances up 9.9% in August

September 2012

Remittances from January to August were $3.2 billion, 9.87% more than the $2.9 billion sent during the first 8 months of 2011.

In August the amount of remittances received totaled $441.4 million, an increase of 7.8% compared to August 2011, according to data from the Bank of Guatemala.

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