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El Salvador receives more remittances

Wednesday, June 19, 2013

Remittances from the United States to El Salvador grew 3 percent year-on-year in May this year, said the Central Reserve Bank.

The figure represents a total of $358 million, compared to the $348 million the country received during the same period last year.

The bank said the increase in remittances stems from a drop in unemployment in the hispanic community living in the United States.

Full story (in Spanish)