New Post Mail and Services Law in Nicaragua

The new law provides state-owned "Correos de Nicaragua" the tools to compete in the market.

Wednesday, March 16, 2011

Other changes include adjustments to rates for sending remittances from abroad.

"Núñez Hernández says the creation of Correos de Nicaragua as a company, aims at making it profitable and not subject to bankruptcy as it has happened for years. To do so, regulation was passed for international shipping companies charging high fees and who were using Correos de Nicaragua´s subsidized services," reported

More on this topic

Remittances for $13.06 billion to Central America in 2011

March 2012

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.

Inter-American Development Bank Report:

Remittances to Latin America and the Caribbean rose to $61 billion in 2011

Correos de Costa Rica Launches Remittances Service

February 2011

The service will be provided through the post office services of Costa Rica and Peru, Spain, Chile, Uruguay, Argentina, Ecuador and Colombia.

It will launch on March and will operate at first on 4 branches located in Montes de Oca, Cartago, Alajuela and downtown San José.

Remittances Through Costa Rica's Postal Service

September 2009

The State's Postal Service, "Correos de Costa Rica", commenced a pilot plan for sending to and receiving money from Nicaragua.

Starting February, the service will be expanded to Spain, Uruguay, Chile, Colombia, Argentina and Peru.

Álvaro Goghi Gómez, executive president of the company, commented that "the Universal Postal Union gave them a one year license and software for participating in this market.

Honduras: New BAC/BAMER service

August 2008

BAC/BAMER Bank will launch a new service today that will allow Hondurans working abroad, especially those in the United States, to send remittances to family members at home.

Some of the main benefits of this service are that remittances send via BAC/BAMER will be received the same day they are sent, there is no fee to receive the money, they are paid in cash, the bank can pay the receiver's credit card or loan, or they can be deposited in a bank account (no matter at which it is located).

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