July Remittances Up

116

The Bank of Jamaica says net remittances for July this year, came in at USD$170-million, a 4-percent increase over the figure for July last year.

The BOJ says that in July, a net figure of USD$119-million was sent to Jamaica from persons living in the United States.

Twenty-seven million US came from the United Kingdom, $21-million from Canada, $10-million from the Cayman Islands and USD$12-million from other destinations.

The BOJ says that between January and July this year, net remittances came in at USD$1,153,000,000, a 4-percent increase over the corresponding period in 2014.

Additionally, between April and July this year, net remittances amounted to USD$683-million, a 6-percent increase when compared to the first three months of the previous fiscal year.

–30–