from overseas Filipinos (OFs) rose by 4.
The study outlines the key trends in the migration and remittance
market in Southeast Asia.
Sudhesh Giriyan, COO of Xpress Money, said the remittance
growth from the UAE has already slowed down, but he pointed out that there has been "no de-growth".
9 percent in 2013, and accounted for 17 percent of remittance
inflows to Arab countries in 2014 compared to 16.
Tajikistan is the world's most remittance
dependent country, with remittances
constituting 49 percent of GDP in 2013, and for Armenia remittances
were 21 percent of GDP.
The top five remittance
recipient countries, in terms of value of remittances
, continue to be India, China, Philippines, Mexico and Nigeria.
With official channels closed, the Australian government would have to track the money coming in to fund terrorism among smaller remittance
handlers and underground operators.
Likewise, Saudi personal remittances
to foreign countries rose by 7 percent to SR54.
Mexico remains the largest recipient of remittances
in the region, with $21.
costs seem to have stabilized, banks in many countries have begun imposing additional 'lifting' fees on incoming transfers, including remittances
costs seem to have stabilised, banks in many countries have begun imposing additional 'lifting' fees on incoming remittances
Summary: Muscat: Remittance
flows to developing countries have more than quadrupled since 2000, and global remittances
The government has also advised the banks to examine the feasibility of setting up centralised remittance
receiving centres for efficiency and better customer service.
84 billion) emerged as the top Gulf nations on the remittance
table as expatriates working in the two countries sent $6.
PT Bank Rakyat Indonesia has taken full control of BRIngin Remittance
Company, Hong Kong-based firm offering remittance