{"id":508638,"date":"2026-05-26T19:09:45","date_gmt":"2026-05-26T23:09:45","guid":{"rendered":"https:\/\/deultimominuto.net\/en\/uncategorized\/family-remittances-to-el-salvador-fall-nearly-30-in-april-and-affect-consumption-according-to-the-central-reserve-bank\/"},"modified":"2026-05-26T19:09:45","modified_gmt":"2026-05-26T23:09:45","slug":"family-remittances-to-el-salvador-fall-nearly-30-in-april-and-affect-consumption-according-to-the-central-reserve-bank","status":"publish","type":"post","link":"https:\/\/deultimominuto.com\/en\/uncategorized\/family-remittances-to-el-salvador-fall-nearly-30-in-april-and-affect-consumption-according-to-the-central-reserve-bank\/","title":{"rendered":"Family remittances to El Salvador fall nearly 30% in April and affect consumption, according to the Central Reserve Bank"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\"><strong>In April 2026, the sending of family remittances registered the largest year-on-year contraction of the last decade<\/strong>, according to the most recent data from the&nbsp;<strong>Central Reserve Bank (BCR)<\/strong>.<\/p>\n\n\nThe flow of funds from abroad, considered one of the main economic pillars of <strong>El Salvador<\/strong>, showed a reduction that has modified the financial dynamics of thousands of families and local commerce.\n\nAccording to official figures from the <strong>BCR<\/strong>, in April 2025 the country received <strong>7.72 million dollars<\/strong> in family remittances. Comparing that figure with the income for April 2026, the report shows a decrease to <strong>5.44 million dollars<\/strong>, which represents <strong>2.28 million dollars less<\/strong> in a single year.\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/www.infobae.com\/el-salvador\/2026\/05\/26\/el-presidente-salvadoreno-nayib-bukele-declara-un-patrimonio-superior-a-cuatro-millones-de-dolares\/\" target=\"_blank\" rel=\"noreferrer noopener\"><\/a>This setback equates to an approximate decrease of <strong>29.5%<\/strong> for the analyzed period. The authorities attribute this behavior to external factors that condition the sending capacity of the migrant community, mainly residing in the <strong>United States<\/strong>.<\/p>\n\n\nEconomists agree that the decrease implies less availability of resources to cover essential expenses. Furthermore, the weakening of remittances does not respond to a single local cause, but to the influence of international variables.<a href=\"https:\/\/www.infobae.com\/el-salvador\/2026\/05\/26\/salvadoreno-que-violo-a-su-abuela-octogenaria-fue-condenado-a-16-anos-de-prision\/\" target=\"_blank\" rel=\"noreferrer noopener\"><\/a>\n\nThe monthly income from family remittances in April 2026 was $5.44 million, showing a reduction compared to the same month of the previous year, according to official data from the Central Bank.\n\n\n<p class=\"wp-block-paragraph\">Among the factors identified by the&nbsp;<strong>BCR<\/strong>&nbsp;and private analysts, the following stand out:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Persistent inflation in issuing countries:<\/strong> Although inflation indices show some moderation compared to previous years, the cost of living in <strong>the United States<\/strong> and other developed nations remains high. The increase in the prices of rents, services, and basic products forces migrants to allocate a greater proportion of their income to cover their own needs, limiting the margin available for family transfers.<\/li>\n<\/ul>\n\n\nAccording to the latest report published by the <strong>BCR<\/strong>, the savings margin of migrants has been reduced due to the pressure of prices abroad.\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Slowdown in the international labor market:<\/strong>\u00a0Sectors that traditionally employ migrant labor, such as construction, services, hospitality, and commerce, are showing a slower growth rate. Overtime hours and temporary employment opportunities have decreased, which impacts the ability to send remittances.<\/li>\n\n\n\n<li><strong>Changes in migration and labor policies:<\/strong>\u00a0Recent modifications in employment and migration policies in\u00a0<strong>United States<\/strong>\u00a0generate uncertainty among undocumented and temporary workers. Faced with the fear of unforeseen adjustments in permits or regulatory changes, many migrants choose to set aside a portion of their income as an emergency fund, instead of remitting it immediately.<\/li>\n<\/ul>\n\n\nA worn backpack, a Salvadoran passport, a wad of dollars, and an envelope from the Central Reserve Bank of El Salvador, symbolize the preparation for a migrant journey and the search for new opportunities. (Illustrative Image Infobae)\n\n\n<h2 class=\"wp-block-heading\" id=\"consecuencias-directas-en-el-comercio-y-el-consumo-local\"><strong>Direct Consequences on Local Commerce and Consumption<\/strong><\/h2>\n\n\nFaced with this situation, the drop in remittances directly affects commercial activity and tax revenues. The <strong>BCR<\/strong> estimates that about <strong>90% of remittances<\/strong> are used for immediate consumption.\n\nThe contraction of $2.28 million in April 2026 was reflected in a reduction in daily purchases in retail and the service sector. Shops, markets, and small businesses perceived a drop in sales, which in turn impacted the&nbsp;<strong>indirect tax collection.<\/strong>\n\n\n<p class=\"wp-block-paragraph\"><strong>For the moment, April&#8217;s data reflects a stage of moderation and caution for the Salvadoran family economy.&nbsp;<\/strong>The attention of decision-makers and productive actors is focused on the evolution of migration flows and the response of international markets, in a scenario characterized by uncertainty and the need for adaptation.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In April 2026, the sending of family remittances registered the largest year-on-year contraction of the last decade, according to the most recent data from the&nbsp;Central Reserve Bank (BCR). The flow of funds from abroad, considered one of the main economic pillars of El Salvador, showed a reduction that has modified the financial dynamics of thousands [&hellip;]<\/p>\n","protected":false},"author":133556,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","_members_access_role":[],"_members_access_error":""},"categories":[1],"tags":[],"class_list":["post-508638","post","type-post","status-publish","format-standard","category-uncategorized"],"acf":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/phj1q1-28jQ","jetpack_featured_media_url":"","dum_api":{"author_name":"Yerandi Santana","author_image":"https:\/\/deultimominuto.com\/wp-content\/uploads\/2026\/02\/cropped-WhatsApp-Image-2026-02-13-at-5.35.07-PM-96x96.jpeg","categories_name":["Uncategorized"],"featured_media_url":null},"_links":{"self":[{"href":"https:\/\/deultimominuto.com\/en\/wp-json\/wp\/v2\/posts\/508638","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/deultimominuto.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/deultimominuto.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/deultimominuto.com\/en\/wp-json\/wp\/v2\/users\/133556"}],"replies":[{"embeddable":true,"href":"https:\/\/deultimominuto.com\/en\/wp-json\/wp\/v2\/comments?post=508638"}],"version-history":[{"count":0,"href":"https:\/\/deultimominuto.com\/en\/wp-json\/wp\/v2\/posts\/508638\/revisions"}],"wp:attachment":[{"href":"https:\/\/deultimominuto.com\/en\/wp-json\/wp\/v2\/media?parent=508638"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/deultimominuto.com\/en\/wp-json\/wp\/v2\/categories?post=508638"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/deultimominuto.com\/en\/wp-json\/wp\/v2\/tags?post=508638"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}