|
|
|
|
Search: 
Latin American Herald Tribune
Venezuela Overview
Venezuelan Embassies & Consulates Around The World
Sites/Blogs about Venezuela
Venezuelan Newspapers
Facts about Venezuela
Venezuela Tourism
Embassies in Caracas

Colombia Overview
Colombian Embassies & Consulates Around the World
Government Links
Embassies in Bogota
Media
Sites/Blogs about Colombia
Educational Institutions

Stocks

Commodities
Crude Oil
US Gasoline Prices
Natural Gas
Gold
Silver
Copper

Euro
UK Pound
Australia Dollar
Canada Dollar
Brazil Real
Mexico Peso
India Rupee

Antigua & Barbuda
Aruba
Barbados
Cayman Islands
Cuba
Curacao
Dominica

Grenada
Haiti
Jamaica
Saint Kitts and Nevis
Saint Lucia
Saint Vincent and the Grenadines

Belize
Costa Rica
El Salvador
Honduras
Nicaragua
Panama

Bahamas
Bermuda
Mexico

Argentina
Brazil
Chile
Guyana
Paraguay
Peru
Uruguay

What's New at LAHT?
Follow Us On Facebook
Follow Us On Twitter
Most Viewed on the Web
Popular on Twitter
Receive Our Daily Headlines


  HOME | Central America

Guatemalan Remittances Down Almost 10 Percent

GUATEMALA CITY – The sending of remittances to family members by Guatemalans living abroad fell 9.5 percent in the first five months of 2009 compared with the same period last year, the country’s central bank said Thursday.

Remittances from January through May totaled $1.59 billion, Banco de Guatemala said on its Web site, down from $1.76 billion in the first five months of 2008.

Last month Guatemalans abroad sent home $332.6 million, about $7.08 million less than in April, according to the central bank.

The amount of remittances in May was down 16.4 percent compared to the same month in 2008, when $397.98 million flowed into the country.

Authorities attribute the fall-off in remittances to the world economic crisis, above all in the United States, where 1.2 million Guatemalans have settled, 60 percent of them without the proper required immigration papers.

In 2009, Banco de Guatemala estimated that remittances could rise by 3.5 percent, somewhat less than the 4.5 percent hike registered in 2008.

In recent years, annual increases of between 14 and 20 percent had been experienced.

Guatemala received a total of $4.31 billion in remittances last year. EFE
 

Enter your email address to subscribe to free headlines (and great cartoons so every email has a happy ending!) from the Latin American Herald Tribune:

 

Copyright Latin American Herald Tribune - 2005-2015 © All rights reserved