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Caribbean & Central America - October 2019

Economic Highlights

EL SALVADOR | Remittances up. On 12 September El Salvador’s central bank (BCR) released new figures which show remittances totalled US$3.7bn in the first eight months of 2019, up 4.1% on the same period in 2018. According to the BCR, the US remains the main source of remittances, accounting for 94.95% of the total. As regards El Salvador’s neighbours, remittances to Guatemala over the same period reached US$6.86bn (up 12.8% on the first eight months of 2018) while Honduras received US$3.09bn (up 10.8%).

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