Remittances up 5.14% in December, breaking five-month downward streak

Thursday, January 6, 2011

Remittances to Guatemala were up 5.14% in December compared to the prior month, effectively breaking five consecutive months of declines, according to figures from central bank Banco de Guatemala.

Guatemalans abroad sent home US$348mn in the final month of the year, which was up 7.37% from the US$325mn in December 2009. This marked more progress in the strong rebound in year-over-year figures that began in March.

Overall for 2010, remittances to Guatemala were up by 5.48% to US$4.13bn, compared with the US$3.91bn recorded in 2009.

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