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El Salvador remittances set $4.6 billion record

Tuesday, January 24, 2017

Remittances to El Salvador jumped by 7.2 percent in 2016 compared to the same period a year earlier, reaching the highest level in the country's history and marking the biggest increase in a decade, El Salvador's central bank reported Monday.

Remittances, which mostly come from the United States and underpin the impoverished Central American country's economy, totaled $4.58 billion in 2016.

Source: Reuters