Remittances flows into Jamaica declined for February this year, with total remittances coming up short of the inflows into the system in 2014 by a marginal decline of just $500,000 from the corresponding month last year.
Gross remittance inflows for the month amounted to US$167.8 million while net remittances were US$146.7 million, a decline of US$5 million or 3.4 percent relative to the corresponding period of 2014. The decline is the first such since December 2013.
For the first two months of the year total remittance inflows were US$334 million, representing an increase of US$7.6 million or 2.3 percent while net remittances for 2015 were US$294 million, a growth of US$4.4 million or 1.5 percent compared to the corresponding period of 2014.
Remittances dip in February
May 27, 2015 by
[…] enjoyed US$194 million in remittance inflows for the March this year, an increase of US$5.7 million or 3.1 percent relative to the same month of […]