Ecuador First-Quarter Remittances Fall 9.2%, Central Bank Says

Remittances from Ecuadoreans living abroad fell 9.2 percent to $596 million in the first quarter from the year earlier as economic slowdowns in Europe and the U.S. reduced immigrants’ earnings, the central bank said.

Remittances declined 8 percent from the previous three months, the bank said today in an e-mailed report.

To contact the reporter on this story: John Quigley in Lima at jquigley8@bloomberg.net.

To contact the editor responsible for this story: Joshua Goodman at jgoodman19@bloomberg.net.

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