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Guatemala earns $4.8 billion a year from remittances

Monday, January 7, 2013

Guatemala received 9 percent more remittances during 2012, compared to 2011, according to the country's central bank, known as Banguat.

Remittances last year totaled $4.8 billion, and along with tourism and exports, helped the country's economy grow 3 percent.

This year, remittances are expected to grow 6 percent, and for the first time reach $5 billion or more.

Full story (in Spanish)