Remittances in Honduras exceed $2 billion

In September, the remittances registered an increase of 9.4% with respect to the same period in 2007, according to a preliminary report of the BCH.

Monday, October 20, 2008

Honduran economic authorities and international agencies warn that the impact of the United States financial crisis is reflected with greater strength in the remittances in 2009.
The BCH calculates that in 2008 the total remittances will reach about 3 billion dollars.



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

Remittances to Honduras increased 7.3% in 2008

January 2009

Remittances sent to Honduras totaled $2.7 million, according to the Central Bank of Honduras (BCH).

Proceso Digital reports on its website: "Despite the increase, it was less in 2007-2008 than in 2006-2007, when it was 11.6%, it was said.

Honduran economic authorities had forecast the drop in the growth rate for remittances due to the unemployment that is affecting more and more Hondurans due to the crisis in the United States.

El Salvador receives $3.8 billion in remittances

January 2009

In 2008 there was an average monthly income of $315.6 million, higher than the $307.9 average for 2007.

Elsalvador.com reports: "Salvadorans who reside abroad sent $3.78 billion to their families at home in 2008, an increase of 2.5%, the Central Reserve Bank (BCR) reported on Tuesday.

No growth in remittances to Honduras in 2009

December 2008

The Central Bank of Honduras (BCH) estimates that in 2009 the growth in remittances will be 0% compared to this year.

As of December, the BCH estimates that income from remittances will be $2.7 billion, an increase of between 8 to 9% compared to the same period in 2007.