Guatemala: Foreign Currency Entry Down 13% in 2 Months

Export revenues grew by 2.8% and tourism by 4.3%, but remittances fell by 9.6%.

Friday, March 13, 2009

The statistics published by the Bank of Guatemala and noted in, referred to the period between January 1 and March 5.

The drop in remittances is highlighted: “In February of this year, $281.9 million entered the country from family remittances, an amount $36.4 million less than what was captured during the same month in 2008, a decrease of 11.4%. That amount plus the $290.2 million which entered in January totaled $572.1 million, a figure that is 9.6% ($60.8 million) lower than what was captured during both months in 2008 which totaled $632.9 million.”

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