El Salvador Receives $173.3 Million Less in Remittances in the First Quarter of 2020

Source: intallaght

Family remittances received by El Salvador totaled $1,600.7 million in the period from January to April 2020, lower by $173.3 million compared to the same period of the previous year, with a reduction equivalent to -9.8 percent.

In the month of April alone, family remittances registered $287.3 million, which compared to the $479 million received in April 2019, means a decrease of -40 percent.