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Remittances fall 10 percent in Jan-Oct

Published on Thursday, November 12, 2009Email To Friend    Print Version

(Reuters) -- Remittances by Salvadoran migrant workers to relatives back home fell 10 percent in the first 10 months of this year compared to the same period a year ago, the central bank said this week.

Migrants sent home $2.8 billion from January to October, the bank said. The decline comes amid the US recession.

Remittances from 2.5 million Salvadoran workers in the United States are the main source of foreign exchange inflows to the impoverished Central American country.
 
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