Gross remittance inflows for April 2013 were US$180.1 million, the same as a year earlier and reflects an improvement on a year over year comparison with March of this year when inflows were off from March 2012 by $9.5 million. Inflows for the review period reflected a US$4.6 million increase in inflows through Other Remittances which was offset by reduced flows of a similar value through Remittance Companies.
Total remittance outflows for the April this year decreased by US$1.2 million to US$20.1 million. The combined impact of inflows and outflows resulted in net remittance flows increasing for April.
For January to April, total remittance inflows amounted to US$672.7 million, a decrease of US$12.3 million or 1.8 percent. The decrease amounts to US$18.8 million or 3.2 per cent deterioration in inflows through Remittance Companies. The decrease in inflows was partly offset by a US$6.6 million or 6.5 per cent increase in flows via Other Remittances.
Net remittances for 2013 to April were US$591.5 million, a decline of US$3.9 million or 0.7 per cent relative to 2012.
See our previous report on Remittance inflows dip, published 26th June 2013.
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