According to the Banco de Guatemala, the performance of remittances this year, after the crisis of 2009, has been positive, with the exception of last July in which a decline of 9% was recorded.
This year is estimated to close at $4,469 million.
"Ricardo Barrientos, consultant to the American Institute for Fiscal Studies (ICEFI) noted that the growth of remittances was a positive sign, since after the crisis of 2009, the performance was negative. That year ended with a total of $3.9 billion in foreign exchange remittances”, reported Elperiodico.com.gt.
Source: elperiodico.com.gt
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August 2010
Remittances received between January and July this year recorded a 2.5% increase year-on-year relative to the same period in 2009.
According to information from El Salvador's central bank (BCR), in the month of July alone $6.7 million more was remitted than in the same month of 2009.
September 2011
In August, total remittances received amounted to $409.5 million, 8.5% higher than in the same month in 2010.
In July remittances reported a decline of 9% compared to the same month in 2010.
According to the Bank of Guatemala, between January and August the total amount of remittances coming into the country was $2.934 million, 6.7% higher than the $2.748 million in the same period of 2010.
April 2011
Remittances, vital for the country's economy, saw a 4.5% increase, year-on-year in the first quarter of 2011.
On average, in the first quarter of the year the country received $286.6 million in remittances, 0.9% more than the figure recorded in the same period of 2010.
"Remittances are an important source of income for the Salvadoran economy, making up 16.3% of the annual Gross Domestic Product (GDP), equivalent to 76.7% of total export value and covering 40.1% of the value of goods imported," according to Elsalvador.com.
October 2010
Between January and September, wires amounted to $ 2,645.3 million, 2.4% higher than the same period of 2009.
According to statistics from the Central Reserve Bank, incomes in the month of September were $ 270.7 million, 0.1% lower than the same month last year.
Elsalvador.com on its website reports, "The average monthly income for the first nine months of this year has been $ 293.9 million, exceeding by $ 6.8 million the same period of 2009."
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