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Nicaragua Remittances Up 12% in April 2018

55.4% came from the US; 19.7% from Costa Rica, and 11.1% from Spain

During the first four months of the year, the country received $482 million in the form of remittances (remesas in Spanish) from abroad, which is equivalent to an increase of 11.7% compared to the same period in 2017.

From a statement issued by the Central Bank of Nicaragua:

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May 15, 2018. The Central Bank of Nicaragua (BCN) published on May 31, 2018, statistics on family remittances corresponding to the month of April.

According to the monthly data published, remittances totaled US$128.9 million dollars in April 2018, compared to US$108.4 million in April 2017, which meant an interannual variation of 18.9$.

In the period January-April 2018, remittances received by the Nicaraguan economy amounted to US$482.3 million dollars, reflecting a growth of 11.7% with respect to the same period in 2017.

Of the total of remittances received up to April (accumulated), 55.4% came from the United States, followed by Costa Rica (19.7%) and Spain (11.1%).

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Finally, the number of total transactions recorded up to the month of April grew by 10.2%, with respect to the same period in 2017.

See the full report (in Spanish).

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