Vital cash transfers to Haiti slow to trickle

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Posted: Jan 20, 2010 7:55 AM by John Pastorek
Updated: Jan 20, 2010 8:01 AM
Source: Associated Press

  Rating: 5.0 (1 vote)

Topics: Haiti, earthquake, cash transfers, damage, banks, Port-au-Prince

Cash transfers worth nearly $1.9 billion each year to Haitians from relatives living in the U.S. and elsewhere have slowed to a trickle because of earthquake damage.

Money transfer firms said their businesses are now operating on a limited basis in Haiti, mostly outside of the heavily damaged capital of Port-au-Prince.

Haiti's banks have been closed since last week's earthquake, leaving people with few options for obtaining much-needed cash.

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