ABOUT 1 billion people worldwide, or one in every eight persons, depend on remittances, according to the 2023 Global Cost of Living Index of global payments company WorldRemit Belgium.

Source: https://businessmirror.com.ph/2023/10/06/worldremit-1-billion-people-depend-on-remittances/?utm_source=rss&utm_medium=rss&utm_campaign=worldremit-1-billion-people-depend-on-remittances

According to the Singapore Police Force, it received more than 670 reports of remittances being frozen by Chinese authorities, with around S$13 million in funds affected.

Source: https://www.channelnewsasia.com/singapore/china-remittance-frozen-accounts-singapore-chinese-nationals-3999196?cid=cna_flip_070214

“As the reliance on remittances grows, a key challenge is ensuring this income translates to building sustainable wealth,” said UniTeller Philippines president Noel Cristal.

Source: https://newsinfo.inquirer.net/1795558/post-covid-remittances-fling-ph-back-on-list-of-biggest-migrant-worker-money-recipients

At that point, the Fed will resume sending remittances to the Treasury.

Source: https://seekingalpha.com/article/4654933-how-fed-turns-105-billion-loss-into-asset?source=feed_all_articles

“By doing so, issues relating to increased expansion of the huge metering gaps, sector liquidity challenges and poor remittances culture, load rejection will be addressed.

Source: https://blueprint.ng/electricity-consumers-call-for-power-sector-overhauling/

By proactively crafting policies that encourage and facilitate the flow of remittances, Bhutan can tap into this growing trend to boost its economy.

Source: https://kuenselonline.com/leveraging-remittances-to-boost-bhutans-economy/

Cash remittances sent through banks in January-February totaled $5.33 billion, up 3.0% from a year earlier, it said in a statement.

Source: https://interaksyon.philstar.com/business/2023/04/17/248638/bsp-says-feb-remittances-up-2-4-y-y-at-2-57-billion/

Foreign exchange is affected by imports, exports, overseas remittances, and other factors.

Source: https://lovefm.com/central-bank-governor-discusses-belizes-foreign-exchange-situation/

Gamra said that with a population of about 224 million and an extensive international diaspora, Nigeria was one of the world’s largest markets for remittances, with 20.9 billion dollars, paid in during 2022 according to the World Bank.

Source: https://newsdiaryonline.com/smartcash-psb-thunes-partner-on-remittances-in-naira/

He noted that other things affecting foreign capital importation and foreign exchange remittances are already being addressed.

Source: https://guardian.ng/news/cobweb-that-beclouds-saudi-arabias-proposed-25b-investment-in-nigeria/

He said their visit to Delta was informed by the state’s prompt remittance to the NHF and called on the governor to urge local government councils in the state to comply with the remittances.

Source: https://www.vanguardngr.com/2023/09/julius-berger-n78-bn-contract-oborevwori-restores-hope-in-warri-effurun/

Highlighting the increase in the contribution of non-resident Indians, Union Finance Minister Nirmala Sithraman Tuesday said remittances from overseas Indians increased by 12 per cent in one year, taking it to USD 100 billion for the year 2022.

Source: https://indianexpress.com/article/business/economy/overseas-indians-usd-billion-2022-sitharaman-8373414/

In 2022, India posted more than 24% growth in its inward remittances to reach $111 billion, higher than the World Bank’s earlier estimate of $100 billion.

Source: https://indianexpress.com/article/explained/explained-economics/remittances-growth-2023-slow-8664191/

In this reference, NAB alleged that the family members and benamidars of PM Shehbaz received fake foreign remittances of billions in their personal bank accounts.

Source: https://www.pakistantoday.com.pk/2023/07/20/pm-shehbaz-wife-and-hamza-acquitted-in-rs8b-money-laundering-case/

It is a fact that remittances under LRS have increased multi-fold in the last few years, and as per data published by the Reserve Bank of India (RBI), LRS remittances which were Rs 0.9 trillion in FY2019, crossed Rs 2 trillion in FY2023.

Source: https://indianexpress.com/article/opinion/columns/chief-economic-advisor-writes-tax-on-international-credit-card-transactions-is-fair-8618912/

It is a fact that remittances under LRS have increased multi-fold in the last few years, and as per data published by the Reserve Bank of India (RBI), LRS remittances which were Rs 0.9 trillion in FY2019, crossed Rs 2 trillion in FY2023.

Source: https://indianexpress.com/article/opinion/columns/chief-economic-advisor-writes-tax-on-international-credit-card-transactions-is-fair-8618912/

Marcos’ economic team expects the exchange rate to remain the same until 2028, driven by expected inflows from improvements in tourism revenues and overseas Filipino remittances.

Source: https://metrocebu.news/marcos-admin-economic-team-increases-2023-growth-outlook/?utm_source=rss&utm_medium=rss&utm_campaign=marcos-admin-economic-team-increases-2023-growth-outlook

Meanwhile, the data also showed that personal remittances from Overseas Filipinos, which included non-cash remittances, reached an all-time high of $36.14 billion.

Source: https://businessmirror.com.ph/2023/02/15/remittances-up-3-6-in-2022-slowest-full-year-growth-since-2020/

Meanwhile, the data also showed that personal remittances from Overseas Filipinos, which included non-cash remittances, reached an all-time high of $36.14 billion.

Source: https://businessmirror.com.ph/2023/02/15/remittances-up-3-6-in-2022-slowest-full-year-growth-since-2020/

Musa, who is also the Chairman, Senate Committee on Finance, has therefore directed all revenue generating agencies in the country to furnish his panel with details of remittances they had so far made this year.

Source: https://punchng.com/senate-stops-mdas-from-spending-igr/