Bloomberg News

Ecuador First-Quarter Remittances Fall 9.2%, Central Bank Says

May 28, 2012

Remittances from Ecuadoreans living abroad fell 9.2 percent to $596 million in the first quarter from the year earlier as economic slowdowns in Europe and the U.S. reduced immigrants’ earnings, the central bank said.

Remittances declined 8 percent from the previous three months, the bank said today in an e-mailed report.

To contact the reporter on this story: John Quigley in Lima at

To contact the editor responsible for this story: Joshua Goodman at

Steve Ballmer, Power Forward
blog comments powered by Disqus