• Costa Rica Coffee Guide

Guatemalans Remittances Reach New Levels

September 16, 2005

GUATEMALA CITY (EFE) – Guatemalans living abroad sent home $1.94 billion in the first eight months of 2005, the Bank of Guatemala reported Friday.According to the bank, the dollar amount of remittances received in Guatemala from January through August 2005 is 17% higher than during the same period in 2004.Remittances have become a mainstay of the Guatemalan economy and are as important as coffee and sugar exports in bringing in foreign currency.Last year, remittances totaled a record-breaking $2.55 billion, compared with the $4.96 billion all exports brought in. Authorities expect remittances to reach $3 billion this year.According to the International Organization for Migration (IOM), more than 1.2 million Guatemalans live abroad, 90% of them in the United States.

You may be interested

Pic of the Day: The magical Río Celeste waterfall
Costa Rica
2 views
Costa Rica
2 views

Pic of the Day: The magical Río Celeste waterfall

The Tico Times - May 12, 2021

It's called Río Celeste for a reason. Tenorio Volcano National Park is home to this stunning waterfall and vivid blue…

Costa Rica surpasses 1 million vaccine doses administered
Costa Rica
16683 views
Costa Rica
16683 views

Costa Rica surpasses 1 million vaccine doses administered

Alejandro Zúñiga - May 12, 2021

Costa Rica has administered 1,093,931 doses of coronavirus vaccines, authorities said Tuesday. More than 436,000 people have completed the vaccine…

Costa Rica travel alert issued by the U.S. Embassy
Costa Rica
1708 views
Costa Rica
1708 views

Costa Rica travel alert issued by the U.S. Embassy

The Tico Times - May 12, 2021

The United States Embassy in Costa Rica on Tuesday issued a travel alert detailing possible protests and Covid-19 updates. As…

The Tico Times | Costa Rica News | Travel | Real Estate