The flow of remittances to Jamaica showed a decline in May.
According to the Bank of Jamaica, remittance inflows were valued at US$271.2 million, a 6.7% reduction compared to last year.
Total net remittance inflows for January to May amounted to US$1.3 billion.
That was US$38 million or 3% lower when compared to the same period in 2021.
The U.S. remained the main source market for remittance inflows, with 70.7% of funds coming from that jurisdiction.
Support The Readers Bureau Buy A T-Shirt Today (4 different colors)! click https://www.bonfire.com/one-love-72/?fbclid=IwAR2bod-XSyrCPutOwG_SMnKiInk6Bqe2kCtjBsAFISqHluQcujrF2UUkFew
Readers Bureau, Contributor
Edited by Jesus Chan
Do you want to add feedback to this story?
Please add a comment in the box below or send an email to info@thereadersbureau.com, Call us at 201-500-7715
