Meanwhile, cash remittances
from OFs coursed through banks totaled to US$2.
In terms of inter-region remittance
outflow from SEA, the 3 largest remittance
recipients are from Asia- Pacific, while most of the inflow came from North America and the Middle Eastern countries.
Looking at the World Bank's assessment on a slowdown in remittances
because of the lack of major investments in the last one year, from the time oil prices started declining, we do agree that the remittance
growth has also slowed.
Summary: Expatriates' remittances
to Lebanon increased by 13.
The 2015 remittance
growth rates are the slowest since the global financial crisis in 2008/09.
sent via mobile technology accounted for less than 2 percent of remittance
flows in 2013, according to the latest available data.
Westpac would close the accounts of remittance
agencies on Dec 24, but would keep open until March 31 accounts of 20 remitters who filed a class action suit to give them time to find other companies that offer remittance
of foreign workers dropped by 8 percent in August for the second consecutive month to reach SR11.
The United States is the source of about three-quarters of remittances
to the region, followed by Spain.
ISLAMABAD -- The developing world is expected to receive $414 billion in migrant remittances
in 2013, an increase of 6.
This runs contrary to the G20 commitment to lower remittance
flows to developing countries have more than quadrupled since 2000, and global remittances
, including those to high-income countries, are estimated to have reached $514 billion in 2012, compared with $132 billion in 2000, according to data issued by the World Bank.