LatinNews Daily - 27 August 2020

* El Salvador’s central bank (BCR) has released new figures which show remittances to El Salvador for the month of July were US$553.1m, up 14.1% on July 2019 – a sign of recovery following declines stemming from unemployment in the US due to the coronavirus (Covid-19) pandemic. The BCR report also showed that the total number of remittances to El Salvador received in the first seven months of 2020 were US$3.08bn, a 4.7% drop on the same period in 2019. Meanwhile in Guatemala, the latest figures from the central bank (Banguat) also show a recovery in remittances, with US$1.08bn received in July 2020, up 13.8% on the same month in 2019 and the highest monthly figure in a decade. The Banguat figures show Guatemala’s remittances in the first seven months of 2020 totalled US$5.96bn, up 1.4% on the same period in 2019.

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