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Remittances Increase from Panama
Remittances sent from Panama to
other countries amounted to
us$120.9 million dollars in
2006, 17.6 percent more than in
2005, local sources reported.
According to Financial Companies
general directors, Colombia is
the country that receives the
greatest volume with 50.9
million dollars, 43 percent of
the total.
The United States is the second,
with 12.4 million dollars, he
added.
The institution also indicates
that in 2006 Panama received
remittances of us$49.6 million
dollars, more than half of that
figure from the northern nation.
Since the sustainable economic
growth of the country in recent
years, thousands of Central
American and Colombian
immigrants have decided to
settle here.
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