Remittances to the first quarter of 2020 reached $285.4 mn

The flow of remittances in the first quarter of 2020 reached $285.4 million, lower than the amount registered in the same period of the previous year, due to the measures to contain the spread of COVID – 19 implemented in most of the countries that send family remittances. By country of origin, money transfers came mainly from Spain 41%, the United States 19.6%, Chile 12.9%, Brazil 6.9% and Argentina 5.1%. By destination, remittances arrived mainly to the departments of Santa Cruz 42.3%, Cochabamba 32.4% and La Paz 12.3%.

Source: BCB