Remittances to El Salvador approach $2 billion

Families in El Salvador received about 1.94 billion dollars through remittences from family members living abroad during the first six months of this year, according to the nation's Central Reserve Bank.

Friday, July 11, 2008

This is about 120 million dollars more than the amount sent home in 2007.
Just in the month of June remittences totaled 334.4 million dollars, a 7.9 percent increase over June of last year.

More on this topic

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.

Remittances to El Salvador increase

September 2008

Remittances from Salvadorans in the US continue to be significant and as of August was at a total of $2.6 million.

According to reports from the Central Reserve Bank (BCR), this figure is $121.1 million more than the earnings for the same period in 2007.
Last month, the total income was $305.7 million, a drop when compared to the same month in 2007 when the amount received was $312.2.

Remittances to El Salvador rise to $353.4 million

June 2008

Remittances that foreign-based Salvadoreans send home to their families grew by 4.6 percent last may and reached 353.4 million dollars.

The Central Reserve Bank said in a press release that this compares with the 338 million dollars sent home in May 2007.
Remittances have also increased on a year-to-date basis. They rose 6.3 percent between January and May, to a total of 1.604 billion dollars.

Remittances to El Salvador surge to US$1.25 billion in year through April

May 2008

Remittances from emigrants to their families in El Salvador reached US$1.25 billion in the first four months of this year, a 6.9 percent increase on the same month of 2007, the nation's central bank, the BCR, reported.

The rate of increase is speeding up, the BCR added. In April remittances came to US$338.5 million, a 9.1 percent year-on-year rise.

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