El Salvador: Remittances Keep Growing in 2018

During the first two months of the year, the country received $778 million in family remittances, which is equivalent to an increase of 7.2% with respect to the amount registered in the same period in 2017.

Friday, March 16, 2018

The Central Reserve Bank of El Salvador (BCR) reported that " ...in the month of February alone, US $397.8 million was received in remittances, which represents growth of 4.4% over the same month in the previous year."

From a statement issued by the BCR:

Up to February, El Salvador received US $778.4 million in family remittances, with a growth of 7.2% and exceeding in US $52.3 million the income received under this concept in the same period of the previous year, reported the Central Reserve Bank.

In the month of February alone, US $397.8 million was received in remittances, which represents growth of 4.4% over the same month in the previous year.

Read full release (in Spanish).

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