Remittances are cross border transfers from expats of the country receiving the remittances.
If you (as the government of El Salvador) wanted to reduce remittance costs, the way to do that is working directly with the US Fed or with a fintech like Wise to drive down the costs of cross border payments (especially when dollars are used internally in El Salvador).
If you (as the government of El Salvador) wanted to reduce remittance costs, the way to do that is working directly with the US Fed or with a fintech like Wise to drive down the costs of cross border payments (especially when dollars are used internally in El Salvador).