JAMAICA: Remittances fell 18.3 per cent in Feb

..JA among hardest hit in region by falling inflows

Wednesday, March 25, 2009

Remittance inflows fell by US$30 million ($2.66 billion), or 18.3 per cent during the month of February 2009 when compared to the corresponding month last year. Inflows totalled US$133 million ($11.79 billion) during the review month.

The 18.3 per cent decline in February followed a 10 per cent decline during the previous month placing the total decline for 2009 thus far at 14.2 per cent, or US$44 million ($3.92 billion). Read more