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El
Salvador
Reports
Increased
Remittances
from
Abroad
The
Central
Bank
of
Reserve
(BCR)
of
El
Salvador
reported
on
Wednesday
that
the
country
received
3.64
billion
dollars
in
family
remittances
from
abroad
in
2011,
6.4
percent
more
than
in
2010.
The
Bureau
for
Economic
and
Statistics
Studies,
attached
to
the
BCR,
said
that
in
physical
terms,
that
figure
accounts
for
217.9
million
dollars
more
than
in
the
previous
year.
Last
year's
family
remittances
accounted
for
about
16
percent
of
the
country's
Gross
Domestic
Product
(GDP),
said
the
BCR.
Of
the
total
family
remittances,
the
banking
system
paid
74.1
percent
to
beneficiaries,
equivalent
to
2.7
billion
dollars.
In
the
fourth
quarter
of
2011
reported
the
largest
growth
(9.6
percent),
due
to
better
indicators
in
the
U.S.
economy,
the
BCR
reported.
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