Remittances decline slightly in March, but remain up for first quarter

Wednesday, April 13, 2011

Remittances to El Salvador declined by 0.45% in March compared with the year-ago month, but were up for the quarter.

Salvadorians living abroad sent home US$336mn in March, according to the latest report from central bank BCR.

Still, remittances were up by 4.5% in the first quarter compared with 1Q10, to US$866mn, as they continued to recover from the steep drop-off seen during 2009.

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