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Significant jump in remittances in El Salvador

Remesas-salvador
San Salvador, March 22 (Prensa Latina) Remittances in El Salvador reached $1.406 billion between January and February, a historic increase, according to the Central Reserve Bank (BCR) today.

The bank’s statistics indicate a 14.2 percent increase in those two months, something that experts attribute to the fear of Salvadorans who send aid to their families regarding the United States’ immigration policy.

President Donald Trump threatens massive waves of deportations, so migrants decided to send more money to their families as a savings measure.

This type of aid is essential for the 26.8 percent of Salvadoran households who use it to cover their expenses, especially food and housing.

The increase exceeded the $1.231 billion recorded in the same period in 2024 by $175.1 million. $1.303 billion arrived from the United States in these two months, at least $175.3 million more than the same period in 2024, maintaining its position as the main issuer with 92.6 percent of family aid.

ef/arc/lb

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