A. M. 
The Banco Central de Reserva de El Salvador (BCR) has reported that family remittances received in september 2024 totaled US$676.24 million, despite a slight slowdown compared to US$702.14 million in the previous month. Despite this US$25.9 million decrease, the flow of remittances continues to be a key driver of the national economy.
The cumulative growth rate of remittances so far this year was 1.3%, reflecting the strength of salvadoran families abroad to continue supporting their loved ones at home. This constant inflow of foreign currency is essential for the financial stability of many families and strengthens the local economic fabric.
Although the decline in september may seem worrisome, experts point out that the figure is still significant and continues to encourage consumption, especially in small businesses, which are highly dependent on these remittances. This, in turn, boosts the economy in key sectors such as commerce and services.
The support of salvadorans abroad not only alleviates the financial situation of their families, but also boosts the local economy, generating employment and contributing to the development of small businesses. The consumption generated by these remittances translates into growth opportunities for different economic sectors.
Although there has been a slight decrease in the monthly amount of remittances, their impact continues to be an essential pillar of the salvadoran economy, guaranteeing a constant flow of resources that promotes the development and well-being of thousands of families throughout the country.
