Bank of Jamaica
The Bank of Jamaica has reported that net remittances - the difference between inflows and outflows - climbed by 2.1% to US$238 million in February of this year, when compared with the same month last year.
This was primarily due to an increase of US$5.8 million in inflows and US$1 million or 4.9% increase in outflows.
The central bank also says there was a US$9.3 million uptick in net remittance flows to US$2.9 billion during the fiscal year to date, March of 2024 to February of 2025.
This was due to a US$6.7 million increase in inflows and a 1.3% or $2.8 million dip in outflows.
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