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Headquarters of First National City Bank of New York in Casco Viejo, Panama. In 1903, the first two modern Panamanian banking institutions were created: the International Bank Corporation, which would later be called First National City Bank of New York, now Citibank, and the Banco Hipotecario y Prendario, which was enacted by law by Panamanian President Manuel Amador Guerrero on June 13 of ...
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Monetary remittances are the transfer of money from migrant workers in a host country to a developing country through various financial institutions such as Western Union, Banco Agricola, and Banco Cuscatlan that transfer monetary capital from the host country of the migrant worker to the home country. [3]
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Cuscatlán (Spanish pronunciation: [kuskaˈtlan]) is a department of El Salvador, located in the center of the country.With a surface area of 756.19 square kilometres (291.97 sq mi), it is El Salvador's smallest department.
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