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Remittances to Guatemala begin the year with a bang as increase hits 7.7 percent

Monday, February 6, 2012

Income from remittances in Guatemala increased 7.7 percent in January, compared with the same month last year.

Guatemalans working abroad sent $305 million to their country, the highest amount for January since 2009.

Edgar Barquín, president of the central bank of Guatemala, predicts a 5 percent increase in remittances this year. Last year, remittances reached $4.3 million.

Source (in Spanish): El Periódico