Back

LatinNews Daily - 19 July 2022

In brief: El Salvador’s remittances rise

* El Salvador’s central bank (BCR) has released new figures which show that remittances sent to El Salvador totalled US$3.78bn in the first six months of 2022, up 3.5% on the same period in 2021. Of the total 93.9% were sent from the US, followed by Canada (0.9%); Spain (0.4%); Italy (0.3%); and the UK (0.1%). As regards how they were sent, 34.4% were sent via banking institutions; while other institutions used for the payment of remittances represented 62.1% of the total. Digital transactions through cryptocurrency accounted for 1.7% of the total while transactions through mobile telephones accounted for 0.3%. 

End of preview - This article contains approximately 111 words.

Subscribers: Log in now to read the full article

Not a Subscriber?

Choose from one of the following options

LatinNews
Intelligence Research Ltd.
167-169 Great Portland Street,
5th floor,
London, W1W 5PF - UK
Phone : +44 (0) 203 695 2790
Contact
You may contact us via our online contact form
Copyright © 2022 Intelligence Research Ltd. All rights reserved.