Saturday, 19 December 2009

JAMAICA: The love keeps coming home - Remittances increase despite recession

Despite the economic challenges this year, many Jamaicans are still expected to make that journey to spend Christmas on the rock. Those who can't make it home are still expected to send money for relatives.

According to GraceKennedy Money Services (GKMS) operators of Western Union, while the amount of money people send has decreased, the number of transactions has gone up by five per cent.

GKMS managing director Joan-Marie Powell said although persons complain that remittances are down, Jamaicans overseas continue to take care of their families.

"Persons who used to send US$100 may send $80 or $50, but the fact is they're still sending. In fact, the number of transactions has actually increased by about five per cent, as people send a little less, but more often," she notes. Read more

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