Nicaragua received 2,887.8 million dollars in remittances from its emigrants between January and November 2022, a new record, the Central Bank of the Central American country reported on Monday.
Those 2,887.8 million dollars exceeded the previous mark of 2,578.3 million dollars that were captured in the first ten months of the same year.
The new record was reached after Nicaraguan emigrants sent their relatives 309.5 million dollars last November, “exceeding by 65.9% those registered in the same month of the previous year (186.6 million dollars)” , specified the State issuing bank in a monthly report.
The 2,887.8 million dollars of remittances registered between last January and November represented a growth of 49.4%, compared to the 1,933.2 million dollars accumulated in the same period of the previous year, the entity indicated.
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80% of the amount of remittances were sent from the United States, followed by Costa Rica (7.5%), Spain (7.1%), Panama (1.5%) and Canada (0.8%),” which together represented 97% of the total received this month”, detailed the monetary authority.
The issuing bank highlighted that, in the case of remittances from Spain and Panama, these “maintain a year-on-year decrease of 11.1% and 8.9%”, respectively, while highlighting an increase in those that arrived from Mexico (9.1%), El Salvador (8.6%), Canada (8.3%), and Costa Rica (2.8%).
Nearly 20% of the total population of Nicaraguan origin, estimated at 6.6 million inhabitants, lives abroad, mainly in the United States and Costa Rica, and it is estimated that half of them do so undocumented.
