Remittances to Latin America and Caribbean beat the 2008 pre-crisis record

Wednesday, May 13th 2015 - 08:14 UTC

Full article 5 comments

Remittances to Latin America and the Caribbean set a new record high in 2014 with 65bn dollars basically supported by the recovery of the economy and labor market in the United States, according to the latest release from the Inter American Development Bank. Read full article

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Klingon
Now if all of those remitances could use Bitcoin, how much could be saved?
May 13th, 2015 - 11:47 am - Link - Report abuse 0
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yankeeboy
Its amazing how much painters and maids can squirrel away to send back home.
Thank you USA for providing them and their families a better life.
May 13th, 2015 - 12:47 pm - Link - Report abuse 0
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ilsen
So the US economy is actually supporting South America. Yet tobi calls for complete isolation, the deluded fool.
May 13th, 2015 - 01:18 pm - Link - Report abuse 0
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The_troLLimpic_games
@3

The problem is that old squeelers like you have lost the ability to reason effectively.

You said “South America”, I always speak ONLY on behalf of Argentina. Everyone else can do what they wish.

Let's take the numbers:

Mexico 23.6 billion (1/3)

El Salvador, Guatemala 10 billion
Honduras, Nicaragua, Panama 6 billion
Colombia and Dominican republic 9 billion
Brazil 3 billion
(another 1/3)

Rest of Caribbean 8.7 billion
Venezuela, Ecuador, Peru, Paraguay 3.9 billion
Argentina... 720 million

And let's remember, that's GLOBAL remitences. That means two things:

a) of those 720 milion, m,aybe only a third come from US, at best. Remember Spain, Italy, Chile, Brazil, Australia, Germany, Mexico and I'm just naming countries from where argies could send money.

b) Argentina itself is a significant source of remitences, to Paraguay, Bolivia, Peru, Ecuador, Colombia, Dominican, and also Uruguay, Chile, and Brazil.

So all in all, it is probably close to a net zero.

You ridiculous dumb geezer.
May 14th, 2015 - 06:43 pm - Link - Report abuse 0
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ilsen
@4
Haha!
All those remittances from Europe and the US are in £s, €s and $s.
The remittances from Argentina are in worthless mickey- mouse pesos.

“It's probably. ... ”

Probably what tobi?
You have no logic, no facts and no arguments.

You have no intelligence.
Haha!
You are so beneath me.
May 22nd, 2015 - 08:54 am - Link - Report abuse 0
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