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El Salvador receives $3 billion from emigrants

Monday, November 14, 2011

El Salvador received $3 billion in remittances from emigrants in the United States this year through October, a 5.8 percent year-on-year increase.

In October, $299 million was received, 11 percent more in annual terms and the highest figure for any month this year.

The increase in the remittances are believed to have increased as a result of a reduction in unemployment in the United States.

Original source (in Spanish): La Prensa Gráfica