Salvadoran Remittances Up 4%

Until November the amount of remittances received totaled $ 273.2 million, 4% above the same period of 2009.

Wednesday, December 15, 2010

According to the Reserve Bank the monthly average received this year was $ 290.6 million, up from $ 184.4 million of the monthly average of 2009.

"As reported by the BCR, the situation of remittances in Latin America has generally improved this year, compared with the balance of 2009", reported Laprensagrafica.com.

More on this topic

Remittances to El Salvador Keep Growing

September 2014

In the first eight months of 2014 Salvadorans living abroad sent back $2.815 million, 8.1% more than in the same period in 2013.

Remittances remain the main driver of the Salvadoran economy, which in the first 8 months of the year received 8.1% more money than it did in the same period last year.

Remittances Grow by 9% in First Quarter

May 2012

Salvadorans living abroad sent home $1,278.3 million between January and April 2012, $104.9 million more than in the same period last year.

These figures represent an increase of 8.9%, according to Banco Central de Reserva (BCR).

According to the BCR, monthly average remittances for the period January-April this year amounted to $319.6 million, "exceeding by 26.2 million per month the 293.4 million received during the first four months of the previous year," reported Laprensagrafica.com.

El Salvador Receives $3,286 million in Remittances

December 2011

Between January and November 2011 the country received $181.3 million more than in the same period in 2010.

A press release from the Central Reserve Bank of El Salvador (BCR) reads:

Salvadorans living abroad sent home remittances totaling U.S. $3,286.1 million accumulated between January and November 2011, more than the U.S.

El Salvador: Largest Increase in Remittances in 35 Months

February 2011

January foreign wires reported a 9.9% growth compared to same month in 2010.

Salvadoran families received remittances worth a total of $ 259.3 million during the month of January of this year, reported the Central Bank of El Salvador.

Remittances showed an increase of 9.9%, equivalent to $ 23.3 million, compared to January 2010, with the highest growth seen in the last 35 months.

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