Advertisement

Money transfers to Jamaica grow in June quarter, BOJ reports

The Bank of Jamaica's preliminary estimates show that money transfers to Jamaica grew 14 per cent during the June quarter, reflecting a recovery from the initial onslaught of the COVID-19 pandemic. 
 
Remittances were up 42 per cent in June.
 
Due to the crisis caused by the coronavirus, and the initial fall-off in remittances, inflows were last projected to decline to US$1.9 billion this fiscal year, down from US$2.3 billion pre-COVID. 
 
The bulk of the remittances were transacted via six remittance companies, led by Western Union.
 


comments powered by Disqus
More Stories
Most Popular
Crawford interested in PNP presidency
Search on for suspects who engaged attorney...
Jamaican man in Florida sentenced to death...