Displaying items by tag: increase

Friday, 21 June 2024 23:40

BCR reports increase in family remittances

The Banco Central de Reserva of El Salvador has reported an increase in family remittances during may 2024. Remittances, which represent a crucial source of income for many salvadoran families, increased from US$741.75 million in april to US$752.92 million in may.

Published in Finances

The recent torrential rains that have hit El Salvador have generated a state of national emergency, which could translate into a significant increase in insurance premiums, as the weather situation has put insurance companies on alert, which already anticipate an increase in costs due to the increased frequency and severity of accidents.

Published in Finances

Consumers of agricultural products are facing a new crisis due to the National Emergency, since there are products that have been affected both in supply and prices, such is the case of cilantro which is at US$8 per bunch in local stands; while in some supermarkets this product is not being offered and if they have it available it is at US$0.99 per small bunch.

Published in Economy

According to the World Bank's Groundswell report, it is estimated that climate change could force 216 million people to migrate within their own countries by 2050. This internal migration will be driven primarily by water scarcity, declining agricultural productivity and rising sea levels, severely affecting the world's poorest regions.

Published in Experts

According to information provided by the Secretaria Ejecutiva del Concejo Monetario Centroamericano (SECMCA) in recent months, the use of the Sistema de Interconexión de Pagos (SIPA) has increased, due to the implementation by the Banco Central de Reserva (BCR) of El Salvador of a policy ordering commercial banks to make their electronic platforms compatible with this infrastructure.

Published in Economy

El Salvador, like many other developing countries, is significantly affected by interest rate increases in the United States due to its close economic relationship with this country.

Published in Economy

The Oficina Nacional de Estadísticas y Censos (ONEC), in its report on the Basic Food Basket, reports an increase in the price of the food basket for the month of april, with a price of US$255.20, increasing its value by US$0.41 compared to march, when the price was US$254.79.

Published in Finances

In the first months of the year, El Salvador has received one million visitors, which represents a considerable growth, compared to the same period last year, expecting to reach a 157% increase by 2024.

Published in Tourism

According to the report of the Asociación Bancaria Salvadoreña, ABANSA, deposits reached more than US$17,553.0 million for the month of march 2024. This represents an increase of 4.2%, equivalent to US$709.4 million more than in march 2023.

Published in Economy

The Organización Internacional para las Migraciones (IOM) through a United Nations (UN) report affirmed the increase of remittances from US$128,000 to US$831,000 million in a 22 year period.

Published in Economy
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