The number of remittances that entered the country in September also represents a drop of 4.6% compared to September of last year. In August, remittances grew 9.3% year-on-year.
The number of operations – coming mainly from the United States – decreased by 0.9% to around 14 million, while the average amount per order decreased by 3.8% to $388 per shipment.
Ahead of the US elections, which will take place next Tuesday, analysts expect changes in immigration policies, as Donald Trump’s campaign shows its willingness to restrict border crossings and increase deportations, while the possible administration of Kamala Harris would have The objective is to pass a bipartisan law to reform the asylum process and limit the temporary stay of immigrants.
The political changes could significantly affect migrants and Central American economies that rely heavily on the money they send home from the United States.
