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Remittances to El Salvador surge to $1.9 billion

Monday, July 16, 2012

Remittances sent home to their families by emigrants from El Salvador came to $1.9 billion in the first half of the year, a 7.3 percent increase on the same period of 2011.

In June alone, remittances came to $318 milliom, up from $299 million a year earlier.

"The behavior of the remittances is closely related to the state of the US economy," said El Salvador's central bank.

Source: Efe