2016 Honduran remittances higher than expected

The Banco Central de Honduras (BCH) foresees closing 2016 with more than US$4 billion in remittances, above their previously predicted goal of US$3.85 billion (La Prensa, 11 December 2016). According to data, BCH has recorded US$3.611 billion in remittances between 1 January and 1 December 2016. This represents a 6.2 percent increase from the same period in 2015, which hit US$3.39 billion (El Heraldo). According to BCH surveys, 92 percent of remittances come from the U.S. and the U.S.’s economic recovery accounts for the increase (El Heraldo).