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The communist dictatorship of Nicaragua saw a growth of nearly 12 percent in the amount of remittance money emigrants sent to the country during the first quarter of 2024,According to statistics from the Central Bank of Nicaragua , remittances sent to the country during the first three months of 2024 totaled $1.14 billion, marking an 11.8-percent increase from 2023’s $1.02 billion in the same time period.
Since 2023, Nicaragua has experienced a dramatic upsurge in the amount of remittance funding received by locals from Nicaraguan citizens abroad who have either fled or been banished from the communist regime. Dictator Daniel Ortegaestimated that some 800,000 Nicaraguas have left their country in recent years due to Ortega’s growing repression after the April 2018 protests, which saw thousands of Nicaraguan citizens flock to the streets to demand the end of communism in their country.
“It seems to be the perfect business of the regime that Nicaraguans leave en masse in search of freedom and then send remittances to their families,” Dávila said. “These expenditures in consumption contribute to the fact that Nicaraguan businesses – from the neighborhood beauty salon, the grocery store, the barber shop, to the supermarket or the bean and corn producers, etc. – see a growing market through the income of these families, who, without the remittances, would not be able to buy,” he continued. “This contributes to mitigate the social and political unrest.
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