Remittances are an important source of income for survival in Cuenca

Cuencanos receive more money—“remittances”—from abroad than any other segment of the Ecuadorian population, according to a recent report from the Central bank of Ecuador. In the second quarter of 2019, Cuenca citizens received $129.61 million from overseas family and friends; in the same quarter of 2018 they received $121.4 million. That’s a growth of 6.7 percent. At national level, remittances also increased during the first half of 2019. In that time Ecuadorians received $1.546 billion, or 4.28 percent more than the same period of 2018 when $1.482 billion were recorded. This improvement in the income of remittances is a positive point…

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