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Latin Times
Latin Times
World
Sana Khan

Nicaragua Central Bank Reveals Diaspora Remittances Hit New Record, Exceed $4B

Nicaragua's President Daniel Ortega speaks during an event to commemorate the 38th anniversary of the founding of the Nicaraguan Army in Managua. (Credit: Photo by: Reuters/Oswaldo Rivas)

Nicaragua's Central Bank revealed Wednesday the remittances from Nicaraguan migrants to their home country broke records this year.

The bank shared that in the last 11 months, it has recorded $4.24 billion in remittances, which is 47% more compared to the previous year, Reuters reported.

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