According to a report published by the Central Bank of Nicaragua (“BCN”) on August 3, 2022, the flow of remittances registered in the country in the second quarter was US$763.6 million dollars from the United States of America, which implies a growth of 44.1% compared to the same quarter of 2021.
In the first semester of 2022, a total of US$1,396.2 entered Nicaragua, this amount being 35.5% higher compared to the same period of the previous year. The report for the third quarter has not yet been published, but according to the BCN’s monthly statistics, it can be seen that in the months of July and August of the current year the amount of remittances received increased considerably compared to the same period of the previous year, being in July and August of the year 2021 an income of US$351.4 million and in July and August of the year 2022 a total income of US$574.1 million. The considerable increase has been noted in the last three years, in 2020 a total of US$ 1,851.4 million entered, in 2021 a total of US$ 2,146.9 million entered and in the first eight months of 2022 a total of US$ 1,970.3 million…
