The Bank of Jamaica says net remittances for March this year came in at USD$174-million, approximately USD$3-million more than in March last year.

In March this year, approximately USD$129-million in net remittances was sent to Jamaica from the United States.

Twenty-seven million US came from the United Kingdom, $18-million from Canada, $11-million US from the Cayman Islands and $14-million US from other destinations.

The BOJ says between January and March this year, net remittances to Jamaica amounted to USD$471-million.

That’s a near 2-percent increase when compared to the first three months of 2014.

The Central Bank is also reporting that for the April 2014 to March 2015 fiscal year, net remittances amounted to USD$1.941-billion.

That represents a 5-percent increase over the 2013-2014 fiscal year.

–30–