RealNews

Remittances to Ecuador Down 22%

Remittances sent home by Ecuadorians living abroad fell 22 percent in the fourth quarter of last year relative to the same period of 2007, the Central Bank said. The total value of money transfers to Ecuador between October and December 2008 came in at $643.9 million, $181.7 million less than the amount registered in the fourth quarter of the previous year. Full Story

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