Articles

Wednesday, February 19, 2014

A source that will not dry

Times change , but for the hundreds of thousands of Colombians living abroad and who went in search of a better future , remains a constant practice of sending money to their families . 

So what comes to corroborate the Bank of the Republic , according to which the amount of remittances received last year was 4,071 million , representing an increase of 3 percent compared to 2.012.

The slight increase may seem striking in light of the difficult times that the world economy has experienced . 

The rise in unemployment has hit relatively hard way immigrants , which makes the money left for ' sent home ' is less.

However, not everywhere things are equally hard . 

Last november, the Pew Center reported that U.S. turns to Latin America should reach the level they were before the outbreak of the global crisis, in late 2.008 . 

For the entity , total transfers to the region from the north country, expected to reach 53,800 million dollars in 2.013.

In contrast , the harsh reality of Europe, which particularly affects the economies of the Mediterranean area , there has been about the money that comes from across the Atlantic. 

And not only are unemployment rates that influence , but the fact that the immigrant population in the world that has had net reductions , to the extent that thousands of families have decided to return to their home countries .

Such realities and a few more are reflected in Colombia . 

Thus , the U.S. has once again become the main source of remittances that arrive with $ 1.527 million from last year. In contrast, Spain has lost prominence because despite being the source of $ 976 million , the sum is much lower than the 1.661 million recorded in 2.009 . 

The difference between the two cases has to do with what happens in North America , where ' lean ' start to get fat, and what happens in the Iberian peninsula, which is just beginning to emerge from recession .

Moreover, what happened to Venezuela worth a look. In some years now , which enters the neighboring nation is increasing , a circumstance not less curious if you consider that reality is getting worse, including the availability of foreign exchange. 

Still, in 2.013 Colombians living across the eastern border sent $ 495 million , more than double that in 2.009 .

In response , the authorities in both capitals say remittances have become one of the favorites to take dollars at the official rate of the bolivar , then sell them on the black market and get a good profit mechanisms. 

Because it has been taken that have tried to stop the bleeding and went so far last week fully suspend turns. 

You mean the closure of this key transfers from abroad regarding the subject will decrease ? 

Not necessarily. 

Besides the developed world experienced a clear improvement , other locations have been consolidated from which comes more and more money. 

So it is with Chile , which contributed $ 110 million to the total received .

Additionally , there is good news for families who supplement their economy with their relatives send them . 

The rise in the exchange rate increases the income of thousands of homes , which should have a positive impact in the Valle , Antioquia, Cundinamarca and the coffee , where most of the orders arriving daily focus .

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