Travel Safety Ecuador

 

Culture Shock! Ecuador: A Survival Guide to Customs and Etiquette (Culture Shock! Guides)

August 18, 2009

REMITTANCES DOWN SHARPLY IN ECUADOR FROM ABROAD

The Banco Central of Ecuador reported that remittances from abroad are down 21% compared to the same period in 2008. Remittances were 1.2 billion usd compared to 1.5 billion. The economic crisis in the United States and Europe has had a severe impact on employment. Furthermore, many Ecuadorians are returning from Europe because of the situation in Europe and the U.S. Remittances are crucial to supporting the economy in Ecuador.

We believe with fewer dollars and Ecuadorians returning will place more stress on the current depressed employment outlook in Ecuador. This may contribute to increased crime rates.

 

ECUADOR SLANG- Over 100 Ecuadorian Slang Words - Free

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Inside Secrets to Ecuadorian Culture - Culture Shock! Ecuador 

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