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$1 billion boom in remittances to overseas from expatriate workers in Panama

Friday, January 20, 2012

In only one year, the remittances sent from expatriates to their families overseas increased by four times last year to more than $1 billion.

Last year, remittances to Panamá reached $253 million.

Business is booming for the companies that send the remittances. Among the countries that receive them are Colombia, the United States, China and Nicaragua.

Original source (in Spanish): La Estrella