$866.1 million in transfers from the United States to support the economy
Remittances totaled $1,381.6 million as of August this year, of which $866.1 million came from the United States, reflecting the support that shipment flows from that economy mean for the Nicaraguan economy, according to Nicaragua’s central bank data. (BCN).
The $1,381.6 million reached as of August of this year amounted to $569 million, which is higher than the same period last year, according to the highest banking source. This represents a growth of 16.5 percent higher than that recorded in the same period in 2020 ($1186.0 million).
Most economies of remittance origin are growing in Nicaragua, but only the United States has reported a 22 percent increase.
Last year, through August, from the United States, where the largest immigrant community is from Nicaragua, income of $709.5 million, that is, an additional $156 million this year came from that country, favoring domestic consumption and much economic growth, estimated by…
