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Honduras central bank eyes $3 billion in remittances

Wednesday, June 29, 2011

Honduras will receive some $3 billion this year in remittances from its emigrants, the nation’s central bank estimates.

Remittances January through April of this year came to $1.1 billion. The remittances, which mainly come from Hondurans in the United States, were 15 percent up year on year.

“Originally we had expected a lower increase given the problems that the US is facing,” said the central bank’s vice-president.

Original source (in Spanish): La Tribuna