Remittances decline by US$18m

US$18 million less in remittances came into the country for the month of April, compared with April 2022.
The Bank of Jamaica says the six-point-eight per cent reduction brings net remittance inflows to US$253 million for the month.
Inflows via Remittance Companies fell by seven per cent.
This was, however, offset by a two-point-five per cent increase in inflows via Other Remittance channels.
For January to April this year, US$998.1 million came into the country as remittances, US$4.4 million more than the similar period last year.

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