| 单词 | remittance |
| 例句 | It was a belated admission that tens of thousands of famine-stricken North Koreans had already gone to China and that the country was increasingly dependent on their remittances. Escape from Camp 14: One Man's Remarkable Odyssey from North Korea to Freedom in the West 2013-03-26T00:00:00Z Those Filipinos provide billions of dollars in remittances back to their families still living in the Philippines, but face abuse and isolation in countries that often treat them as a disposable, low-paid workforce. In Dubai, Filipina pulls no punches in jokes on Mideast life 2021-08-09T04:00:00Z As in most of the region, a majority of its younger population went to work abroad in the 1970s and 1980s, mainly in Austria, sending remittances that allowed village to prosper. Eastern Serbia's bungalow cemeteries 2016-11-11T05:00:00Z The cultural developments also result from local wealth and a wealthy diaspora — call it a remittance economy of the 1 percent — and a weak central government leaving a gap often filled by individual initiatives. Beirut’s Art Scene Stirs Amid Tumult 2015-10-25T04:00:00Z Tourism is a good way to infuse an economy that has become reliant on foreign aid -- including a billion sent home in annual remittance by Haitian Diaspora. In Haiti, Tracing a Paradise Lost 2017-12-04T05:00:00Z For example, households back home benefit from monetary remittances sent by migrants, which fund small businesses and schooling and reduce child labor. How hurricanes drive immigration to the US 2017-09-16T04:00:00Z Annual global remittances are about $160bn – more than twice foreign aid flows and a big chunk of GDP in some countries. Why the left is wrong about immigration 2013-03-27T11:59:50Z Today, Chami still works his “day job” at the IMF, where he’s an expert in fragile states and remittances. An economist quantifies how valuable whales are to fighting climate change 2019-11-11T05:00:00Z Migrants also send remittances to help families cope with bad weather, such as droughts and hurricanes. How hurricanes drive immigration to the US 2017-09-16T04:00:00Z Over half of all households now rely, to some extent, on the nearly $5 billion sent back each year in remittances . Between a rock and a high place 2014-10-30T04:00:00Z The same technology may be used to find PayPal scofflaws, track remittances to terrorists overseas, or pry into the private lives of journalists. Trying to make sense of the world of ubiquitous surveillance 2015-03-05T05:00:00Z “Each year, rural Bangladesh receives almost $11 billion in remittances from migrants and their descendants living abroad,” Mr. Saunders writes, “a sum equivalent to all of Bangladesh’s export earnings.” Books of The Times: Want a New Life? Wait Here 2011-03-17T14:45:49Z Across Cuba, the average monthly income is $20, a soul-numbing figure that is augmented by government subsidies and, for some, remittances from family members living abroad. A Design Lover's Guide To Cuba 2015-04-09T04:00:00Z And the cost of "brain drain" from poor countries is partly mitigated by the remittances sent home. Why the left is wrong about immigration 2013-03-27T11:59:50Z Tea, horticulture and remittances from Kenyans living abroad are the other main sources of foreign exchange. Kenya to restructure national carrier in a month: tourism minister 2016-10-12T04:00:00Z The average remittance in Haiti is about $150 and those who receive them typically get about 10 transfers a year, for an average total of $1,500, the IDB survey shows. APNewsBreak: Jean seeks dual citizenship for Haiti 2010-08-15T01:34:00Z Viola Davis, for instance, has been vocal on both the marginalised movie parts she is offered and the pitiful remittance that often accompanies them. American hustle: how Hollywood rips off women 2015-07-28T04:00:00Z The customers able to use these small shops include Cuban families who receive remittances from abroad, tourism workers, diplomats, employees of other small- and medium-sized businesses, artists and high-performance athletes. Cuban private grocery stores thrive but only a few people can afford them 2023-11-14T05:00:00Z Australia would allow 280 people a year to migrate from Tuvalu, boosting remittances back to the island nation with a population of 11,000, which is threatened by rising sea levels caused by climate change. Australia signs security, migration pact with Pacific's Tuvalu 2023-11-10T05:00:00Z Another potential strategy for Spin could involve channeling Mexicans' remittances from abroad, which hit $47 million between January and September, through Spin's accounts, Fonseca said. Mexican retailer Femsa plans to complete asset sales next year, cut debt 2023-11-03T04:00:00Z In 2021, African migrants sent home $96 billion in remittances, three times more than the sum of all foreign aid, according to the African Development Bank. The world is becoming more African 2023-10-28T04:00:00Z Police said a money remittance chain in Australia with a dozen outlets, the Changjiang Currency Exchange, was being secretly run by the Long River money laundering syndicate. Australian police charge 7 with laundering hundreds of millions for Chinese crime syndicate 2023-10-26T04:00:00Z In addition to her monthly state salary, Espinosa makes some additional income and receives remittances from her husband, who has lived in the U.S. for a year and a half and previously lived in Uruguay. Cuban private grocery stores thrive but only a few people can afford them 2023-11-14T05:00:00Z Authorities raided Vivo's office last year, accusing it of illegal remittances from India to China. India arrests Chinese employee of smartphone maker Vivo 2023-10-11T04:00:00Z Mexico is also heavily dependent on tourism and on remittances from its nationals who work in the U.S. News Analysis: Biden administration's complicated relationship with Mexico 'is not working, but it is not kaput' 2023-10-08T04:00:00Z Many Venezuelans depend on remittances from abroad to buy basics like food and medicine. US restarting direct deportations to Venezuela -senior official 2023-10-05T04:00:00Z Millions of teachers, professors and public employees earn the minimum wage plus bonuses, often turning to side hustles or remittances from relatives abroad to make ends meet. As foreign minister speaks at U.N. blocks away, Venezuelan asylum-seekers strain New York City 2023-09-23T04:00:00Z They noted that the Biden administration has lifted travel restrictions to Cuba imposed by the prior administration and is also in the process of restarting remittances to that country. Biden and Brazil’s Lula meeting in New York to discuss labor, climate 2023-09-20T04:00:00Z She hopes her son there has saved enough from the monthly remittances she sent over the years to support her if she returns with nothing. Lahaina’s fire-stricken Filipino residents are key to tourism and local culture. Will they stay? 2023-09-10T04:00:00Z India receives more than $100 billion dollars in annual remittances from its diaspora, which is more than any other country. Why the U.S. should embrace India | Op-Ed 2023-09-05T04:00:00Z Only India, a country with more than 10 times the population, received more remittances than Mexico. Mexico's peso is soaring. That's bad news for people who rely on dollars sent from the U.S. 2023-09-05T04:00:00Z Zimbabweans still suffer from rampant inflation and sky-high unemployment as they did at the end of the Mugabe era, with many people dependent on dollar remittances from relatives abroad to make ends meet. Factbox: Who is Emmerson Mnangagwa, Zimbabwe's 'Crocodile' president? 2023-08-26T04:00:00Z Mnangagwa, 80, is seeking re-election at a time when the southern African country is grappling with soaring inflation and high unemployment, with many Zimbabweans reliant on dollar remittances from relatives abroad to make ends meet. Zimbabwe braces for close election as early parliamentary results come in 2023-08-25T04:00:00Z Mnangagwa's re-election bid comes after years of runaway inflation, steep currency depreciation and soaring joblessness that have left many Zimbabweans dependent on U.S. dollar remittances from relatives overseas. Zimbabwe election results start to trickle in after delays, activist arrests 2023-08-24T04:00:00Z Mnangagwa is seeking re-election after a first term during which runaway inflation, currency shortages and sky-high unemployment left many Zimbabweans reliant on dollar remittances from relatives abroad to make ends meet. Zimbabwe sets extra day of voting in selected wards after delays 2023-08-23T04:00:00Z The surging tide of remittances from the United States has also played a role in driving up the peso. Mexico's peso is soaring. That's bad news for people who rely on dollars sent from the U.S. 2023-09-05T04:00:00Z A growing number of politicians are now betting that a rebounding tourism sector, remittances from Lebanese abroad, and a fledgling natural gas industry will revive the economy without reforms requiring major sacrifices from them. Four years into crisis, Lebanon’s leaders hope tourism boom will help bypass reforms in IMF bailout 2023-08-22T04:00:00Z The president said the Reuters story stated that "the majority of remittances are linked to the sale of drugs." Mexico president attacks Reuters report on narco remittances 2023-08-21T04:00:00Z Experts say most remittances go to some of the poorest families in Mexico, and the money is mainly used to help them get by. Mexico’s poverty rate declines from 50% to 43.5% in four years as remittances almost double 2023-08-10T04:00:00Z She told local TV she never imagined her next remittance would be for her son's burial. Philippines: Six officers suspended after shooting teen in Manila 2023-08-10T04:00:00Z Those who are able to get their hands on greenbacks obtain them primarily via remittances from abroad or from selling to tourists. Cubans struggle as peso loses half its value in a year on informal market 2023-08-02T04:00:00Z He and other officials are banking on remittances from the diaspora that now make up almost 40% of the economy, while welcoming record numbers of tourists this summer. Four years into crisis, Lebanon’s leaders hope tourism boom will help bypass reforms in IMF bailout 2023-08-22T04:00:00Z The president has celebrated this increase and praised migrant workers for sending remittances, which last year accounted for 4.3% of Mexico's GDP. Mexico president attacks Reuters report on narco remittances 2023-08-21T04:00:00Z June remittances -- money sent home from Mexican workers abroad -- were 8.3% higher than a year ago, data published by the country's central bank Tuesday showed. Remittances to Mexico near all-time high in June but strong peso weakens impact 2023-08-01T04:00:00Z Now that the peso is stronger, analysts expect that remittances will moderate. The Peso Is Strong and a Problem for Mexicans Working Abroad 2023-07-31T04:00:00Z With the country’s banks crippled and public sector in ruins, Lebanon for years has run on a cash-based economy and relied primarily on tourism and remittances from millions in the diaspora. Lebanon’s central bank governor ends 30-year tenure under investigation during dire economic crisis 2023-07-31T04:00:00Z The lawsuit, combined with the rise of competitors such as stablecoins also hurt the token's use in practical applications like payment settlements and remittances. Cryptoverse: Ripple effect as explosive XRP leads market charge 2023-07-25T04:00:00Z The agency alleges Xiaomi made illegal remittances to foreign entities in the name of royalties. China's Xiaomi bets bigger on India retail stores amid Samsung rivalry 2023-07-16T04:00:00Z The appreciation has caused some Mexican communities, who rely heavily on remittances sent from the United States, to clamp down on spending. Remittances to Mexico near all-time high in June but strong peso weakens impact 2023-08-01T04:00:00Z With tourism and remittances from Sri Lankan workers abroad picking up again, the country is clawing its way back but still has a mountain to climb. Sri Lanka: The fate of a protest that toppled a president 2023-07-08T04:00:00Z The central bank expects the economy to resume growth this quarter after six quarters of contraction - faster than expected by many economists - while overseas remittances are surging and tourist numbers are rising. Analysis: A year later, Sri Lanka's tentative economic recovery eludes the poor 2023-07-05T04:00:00Z Last year, remittances to Mexico from abroad hit a record high of $58.5 billion, making Mexico the No. 2 remittance-receiving country, just behind India. Remittances to Mexico hit record, but strong peso softens impact 2023-07-03T04:00:00Z Meanwhile, Cuba claims Biden has yet to ease tough policies enacted by Donald Trump that target the island, while the U.S. points to resumption of some flights and sending of remittances. Elián González two decades on: From focus of international tug-of-war to member of Cuba’s congress 2023-06-29T04:00:00Z In the first half of the year, remittances reached $30.2 million. Remittances to Mexico near all-time high in June but strong peso weakens impact 2023-08-01T04:00:00Z He pointed to the resumption of some flights and the sending of remittances, as well as a slew of educational and religious exchanges between both nations. Cuban entrepreneurs get business training from the U.S., and hope that Biden lifts sanctions 2023-06-27T04:00:00Z Pakistan is a top exporter of labour, and remittances have helped keep the country afloat. Pakistan's economic meltdown spurs more people to risk lives to reach Europe 2023-06-23T04:00:00Z That, in turn, has ramped up remittances from the U.S., which over the past decade have quadrupled to $18 billion, outstripping exports and far higher per capita than in Mexico. Fed up with graft, Guatemalans face familiar names in presidential vote 2023-06-19T04:00:00Z Teenagers sometimes leave their towns before they’ve finished high school to migrate to the U.S. to send back remittances. A Guatemalan dictator's daughter runs for president, illuminating the country's dark past 2023-06-12T04:00:00Z However, with economic activity in the United States moderating, remittances to Mexico will likely slow in coming quarters, Ramos said. Remittances to Mexico near all-time high in June but strong peso weakens impact 2023-08-01T04:00:00Z Inflows of foreign money have been robust since the agreement with the IMF, aided by import controls, increased income from tourism and worker remittances, allowing the Central Bank to strengthen its reserves, the statement said. Sri Lanka reduces interest rates for 1st time since bankruptcy as economy shows signs of rebounding 2023-05-31T04:00:00Z For decades, Guatemalans living in the U.S. have helped shore up their ancestral nation’s revenue stream by sending back remittances. Only 3 of 23 Guatemalan presidential candidates campaigned in L.A. Immigrants are upset 2023-05-31T04:00:00Z Large numbers of Philippine citizens work overseas, with around 10% of its gross domestic product coming from remittances. Kuwait suspends new visas for Philippines workers in rights row 2023-05-26T04:00:00Z Chicas has had problems collecting remittances that his sister sends from the United States. In El Salvador, transgender community struggles for rights and survival 2023-05-19T04:00:00Z The country, which is in Central Asia and shares borders with Afghanistan, China, Kyrgyzstan and Uzbekistan, is among the poorest countries in the region and depends largely on remittances, according to the U.S. Mexico’s Lavish Presidential Plane Arrives at Its New Home in Tajikistan 2023-05-15T04:00:00Z The monthly minimum wage is equivalent to just $5 and many families depend on government food boxes or remittances from relatives abroad. Banana fungus may worsen hunger crisis in Venezuela 2023-05-10T04:00:00Z Executives at the Walmart unit expect the deal to "unlock Cashi's potential," starting with transfers, withdrawals and remittances while keeping open the option of loans and other financial services in the future. Walmart takes fintech plunge into Mexico's risky marketplace 2023-05-09T04:00:00Z Future potential constraints include lower external demand that could negatively affect income from exports and limit remittances, and tighter fiscal space, the report said. World Bank sees Western Balkan economies resilient despite subdued growth 2023-04-25T04:00:00Z Another reality check: these countries receive tens of billions of dollars in overseas remittances, mostly from their citizens working in the United States legally and illegally. Foreign aid won’t stem illegal immigration 2023-04-19T04:00:00Z The remittances account for about 30% of the total gross domestic product of Kyrgyzstan, sandwiched among China and fellow onetime Soviet republics Tajikistan, Kazakhstan and Uzbekistan. They found work in Russia. Then it became a deadly trap 2023-04-18T04:00:00Z The remittances came mainly from Pakistanis living in the United States, Britain and the Middle East. Pakistanis living abroad sent $2.5 billion home in March 2023-04-10T04:00:00Z President Joe Biden last May loosened restrictions on travel, remittances and migration, and promised the United States would do more to support the fledgling private sector in Cuba. U.S. farming businesses want Biden to allow more investment in Cuba 2023-04-04T04:00:00Z Dany Bahar, a Brown University professor who studies immigration, attributed the drop to the government loosening foreign currency controls combined with Venezuelans receiving remittances from abroad. Which countries send migrants to the U.S. border, and what are they fleeing? 2023-04-03T04:00:00Z More than two dozen banks - including eight branches within less than half a kilometre - vie for remittances from townspeople who live and work all over the world. Kerala: A ghost town in the world's most populated country 2023-03-26T04:00:00Z Tourists are returning, remittances are recovering and foreign exchange reserves are rising, though the economy is still contracting. Wickremesinghe delivers IMF deal for Sri Lanka despite public mistrust 2023-03-21T04:00:00Z But then the acute pain caused by the pandemic, which disrupted remittances sent back by Sri Lankans working abroad, has eased. Sri Lanka, Its Economy Reeling, Is Approved for $3 Billion Rescue Loan 2023-03-20T04:00:00Z The exodus of skilled people skyrocketed during the economic crisis, leaving remittances as Lebanon’s last economic lifeline. Lebanon’s empty schools bode long-term damage from crisis 2023-03-16T04:00:00Z The company has $674 million of its funds frozen by the country's financial crime agency for alleged illegal remittances to foreign entities, which Xiaomi denies. Xiaomi's slow shift in India to premium smartphones helps Samsung steal its crown 2023-03-16T04:00:00Z Even Venezuelans who benefited from dollarization through remittances or salary payments are being hit by the higher prices, while those earning in bolivars have seen their meager earnings decline further. Venezuelans struggling to afford food - even if they have access to dollars 2023-03-07T05:00:00Z China's foreign exchange regulator also said on Monday there is no change in policy on cross-border remittance of funds and that it would continue to promote opening-up to the world. HSBC China says it's unaware of remittance curbs after Mobius' claims 2023-03-07T05:00:00Z The government said the BBC had failed to respond to repeated requests to clarify its tax affairs related to the profits and remittances from its Indian operations. BBC tax raids shine light on Indian media freedom under Modi, some journalists say 2023-03-04T05:00:00Z That could cause long-term damage: Lebanon has traditionally relied on its educated and skilled diaspora population abroad to send remittances back home to support families, invest and feed dollars into the banking system. Lebanon’s empty schools bode long-term damage from crisis 2023-03-16T04:00:00Z He misses them, but the remittances she sends home proved crucial when he got COVID-19 and racked up medical bills of at least $3,000 — roughly 50 times the annual minimum wage. A decade under Maduro, migration marks Venezuelans’ lives 2023-03-03T05:00:00Z The only people who seemed to be getting by were the families living off remittances from relatives in the United States. Alone and Exploited, Migrant Children Work Brutal Jobs Across the U.S. 2023-02-25T05:00:00Z India and Singapore launched on Tuesday a real-time link to facilitate easier cross-border money transfers between the two countries, the first such for the South Asian nation that is the world's biggest recipient of remittances. NZ Prime Minister Hipkins reiterates condemnation of Ukraine war in first call with NATO 2023-02-21T05:00:00Z The findings "indicate that tax has not been paid on certain remittances which have not been disclosed as income in India by the foreign entities of the group", the statement added. BBC India: Tax officials accuse organisation of irregularities 2023-02-17T05:00:00Z The Philippines’ worldwide remittances — money sent back to family and friends from Filipino workers employed abroad — totaled more than $36 billion in 2021, according to data from the World Bank. Filipino workers: Oil company abandoned us in Hurricane Ida 2023-01-27T05:00:00Z "More importantly the SBP is continuing with the policy of artificially maintaining an unrealistic exchange rate which has led the remittances to fall by an average of $500 million per month since July," he added. Pakistan cenbank raises key rate to rein in high inflation 2023-01-23T05:00:00Z Parents know that they would be turned away at the border or quickly deported, so they send their children in hopes that remittances will come back. Alone and Exploited, Migrant Children Work Brutal Jobs Across the U.S. 2023-02-25T05:00:00Z Additional foreign currency from local sources, remittances from Egyptians working abroad and tourism also flowed into the market over the past three business days, the central bank statement added. Foreign investors pour $925 million into Egypt since Wednesday 2023-01-16T05:00:00Z The Biden administration has loosed a handful of the Trump-era restrictions, including remittance payments, but has still left many in place. Western Union resumes limited money transfers to Cuba 2023-01-11T05:00:00Z Another email offered guidance on sending remittances and promoted the bank's relocation benefits. HSBC customers in U.S. sent inadvertent emails on mortgages, relocation 2023-01-07T05:00:00Z For now, he said, the country will likely continue to limp along with the help of aid and remittances from abroad. EXPLAINER: Why has Syria’s economic crisis hit a new low? 2023-01-04T05:00:00Z Sri Lanka sank into a financial crisis after the COVID-19 pandemic decimated tourism and remittances from citizens working abroad fell. India makes inroads into Sri Lanka under China's long shadow 2022-12-27T05:00:00Z With high unemployment and little job creation, the country’s economy depends on remittances from citizens working abroad. Nepal’s Revolving Door Produces a New Leader but No Hoped-For Change 2022-12-26T05:00:00Z The suspension in remittance payments had added significant hurdles to the island’s economic recovery efforts following the pandemic. Western Union resumes limited money transfers to Cuba 2023-01-11T05:00:00Z Central bank data showed remittance inflows rose 10.8% to $2.93 billion in the first four months of the current fiscal, year which started in mid-July, from a year earlier. Nepal to end eight-month ban on imports of cars, phones as reserves rise 2022-12-15T05:00:00Z Almost all work in the fields, and their families in Mexico depend for survival on remittances sent back from their wages. Why being a farmworker is a health risk 2022-12-13T05:00:00Z He said the COVID-19 pandemic had gutted key dollar earner tourism after the Trump administration imposed new sanctions aimed at foreign investment and trade, tourism and remittances. Cuba forecasts only slight growth rise as crisis grips island 2022-12-12T05:00:00Z Now a group of immigrants who say their remittances to family abroad were caught up in that massive warrantless dragnet is suing the government and the wire-transfer behemoth Western Union, which provided money transfer records. Immigrants sue ICE for spying on their financial records 2022-12-12T05:00:00Z He said digital currency allows for swift transfer of assets, including remittances. As bitcoin plummets, Miami vows to hold onto its crypto dreams 2022-12-10T05:00:00Z While Lebanon had long relied on remittances, the flow has increased as some 200,000 people had emigrated since 2019, he said. 'There is no future': Lebanon's new poor face long-term stagnation 2022-12-04T05:00:00Z But the pressure of families in Mexico who need remittances, and the low wages paid for farm work, was a potent combination. Why being a farmworker is a health risk 2022-12-13T05:00:00Z Other top recipient countries for remittances include Mexico, China, Egypt and the Philippines. India remittances set to hit record $100 billion in 2022 2022-12-01T05:00:00Z Money transfer companies are used by immigrants to send remittances to family back home. Immigrants sue ICE for spying on their financial records 2022-12-12T05:00:00Z Thais working in the Arab kingdom — and sending home valuable remittances to their families — went from as many at 200,000 at the time of the robbery to a tenth of that by 2008. How the Blue Diamond, a hot rock, led to a 30-year diplomatic row 2022-11-25T05:00:00Z There are fears that a global recession might reduce remittances, which account for about a quarter of GDP. Nepalis vote amid looming inflation, political stability concerns 2022-11-20T05:00:00Z Nepal is one of the world’s poorest countries and its economy depends on foreign aid, tourism and remittances of its overseas workers. Explainer: Key issues in Nepal's national elections 2022-11-18T05:00:00Z Indians are set to receive $100bn in remittances this year, according to a World Bank report - the first time a single country has reached that number. India remittances set to hit record $100 billion in 2022 2022-12-01T05:00:00Z More egregiously, crypto was supposed to have all sorts of other uses, from easy cross-border remittance to pegging a value for newly created forms of digital art. Opinion | Why the crypto bubble has finally imploded 2022-11-11T05:00:00Z The Biden administration has loosened some restrictions on Cuba around remittances, tourism and migration. Cuba hosts first U.S. business conference in years, seeks investment 2022-10-26T04:00:00Z Morgan Stanley estimates that every percentage point increase in the BoE's rate lowers remittances to the Treasury by 10 billion pounds per year. Analysis: Decade of central bank largesse haunts taxpayers as losses loom 2022-10-25T04:00:00Z The administration of President Joe Biden, a Democrat, has since eased some policies around remittances, flights, tourism and more recently, migration, saying it would reopen full consular services in Havana in 2023. Cuba calls U.S. trade embargo a 'hurricane' that never ends 2022-10-19T04:00:00Z Since then, the administration has loosened restrictions on travel and remittances, and reopened its consulate in Havana for Cuban visa applications. U.S. will provide $2 million of hurricane aid in Cuba 2022-10-18T04:00:00Z Embassy in Havana, and made travel, trade and sending remittances easier for Cubans and Americans. Attempting to reassert its once-dominant influence, U.S. has a tough sell in Latin America 2022-10-12T04:00:00Z Higher energy bills propelled Pakistan’s current account deficit to over $17 billion - close to 5% of GDP - in the last financial year, six times higher than 2020-21, despite record high remittances from abroad. Explainer-How worried should we be about Pakistan's economy? 2022-09-30T04:00:00Z The Swedish, Norwegian and Israeli central banks have launched a project with the Bank for International Settlements to test international retail and remittance payments with central bank digital currencies, Sweden's Riksbank said on Wednesday. Google to wind down Stadia streaming service three years after launch 2022-09-29T04:00:00Z Domestic consumer spending, investment and remittances from overseas workers also are driving stronger business activity, the report said. Asian lender ADB cuts forecasts to reflect weakening outlook 2022-09-20T04:00:00Z The country is now heavily reliant on remittances sent by family in the diaspora. Oppressive Blackouts Force Lebanese to Change Rhythm of Life 2022-09-12T04:00:00Z Known as remittances, those transfers from abroad represent 26% of the GDP of the Central American country, one of the highest percentages in the world. A year on, El Salvador's bitcoin experiment is stumbling 2022-09-07T04:00:00Z The final blow came with the pandemic lockdowns, which deprived the country of billions in overseas remittances as well as tourism revenue. Debt-Stricken Sri Lanka Reaches Initial Deal for I.M.F. Bailout 2022-09-01T04:00:00Z Passports also make it easier for immigrants to send remittances, a significant source of financial support both for loved ones in their home countries and of revenue for foreign governments like Guatemala’s. Many U.S. Guatemalans waiting for passports are 'doubly undocumented,' and angry 2022-08-29T04:00:00Z In one year, about $10 billion vanished from the economy as tourism dried up and remittances dwindled. Showdown at the Mansion Gates: How Sri Lankans Rose Up to Dethrone a Dynasty 2022-08-12T04:00:00Z Nonetheless, analysts noted that a boost in re-shoring and a continued uptick in remittances to Mexico could help "cushion" the growth slump next year. BofA lowers 2023 forecast for Mexico economy, cites potential recession 2022-08-03T04:00:00Z Bangladesh's July to May current account deficit was $17.2 billion, compared with a deficit of $2.78 billion in the year-earlier period, according to central bank data, as its trade deficit widened and remittances fell. Bangladesh seeking $2 Billion from World Bank, ADB - Bloomberg News 2022-08-03T04:00:00Z "Improving manufacturing activity, still-solid—albeit slowing—remittances from the U.S., and gradually easing inflation pressures, particularly from late Q3 onwards, likely will prevent a protracted downturn over the second half of the year," he said. Mexican economy grows for third quarter in a row, beats forecast 2022-07-29T04:00:00Z “There’s a need for a balance-of-payments support. Exports and remittances alone cannot handle that. You need an extra dose of external funding.” Bangladesh seeks $4.5 billion IMF loan as deficit widens, newspaper says 2022-07-26T04:00:00Z Tourism and remittances — Sri Lanka’s main sources of foreign currency — have largely evaporated. Out of Cash and Out of Fuel, Sri Lanka Runs on Patience 2022-07-19T04:00:00Z With reserves dwindling, the government has acted fast to curb non-essential imports, relaxing rules to attract remittances from millions of migrants living overseas and reducing foreign trips for officials. Sri Lanka crisis is a warning to other Asian nations 2022-07-17T04:00:00Z The Dallas-based company they owned and operated, Ping Express US, sent customers' remittances to Nigeria, Kenya and other African nations. Largest U.S. investment banks face fines on employees’ app use 2022-07-15T04:00:00Z Roughly 3.5 million Indians live in the Emirates, about a third of the Gulf nation’s total population, making them an important source of labor for the U.A.E. and remittances for India. What is the I2U2? 2022-07-14T04:00:00Z Bangladesh’s July to May current account deficit was $17.2 billion, compared with a deficit of $2.78 billion in the year-earlier period, according to central bank data, as its trade deficit widened and remittances fell. Bangladesh seeks $4.5 billion IMF loan as deficit widens, newspaper says 2022-07-26T04:00:00Z The higher cost of living all-around also meant migrant workers had almost nothing left to send in remittances to their relatives back home. Lebanon telecoms mark-up threatens migrants' link to jobs and safety 2022-07-11T04:00:00Z For months, opposition leaders and some financial experts urged the government to act, but it held its ground, hoping that tourism would bounce back and remittances would recover. Explainer: How Sri Lanka spiralled into crisis 2022-07-10T04:00:00Z Police say they are also investigating dodgy foreign remittances in his bank account - an allegation he has denied. Mohammed Zubair: The Indian fact-checker arrested for a tweet 2022-07-08T04:00:00Z According to the companies, more than 70% of remittances are currently collected in cash in Mexico, where low bank penetration means more than half of its 126 million inhabitants don't have an account. Western Union and MercadoLibre team up to send digital remittances to Mexico 2022-07-06T04:00:00Z Digital currency payment apps, such as Chivo, accounted for less than 2 percent of remittances in the first five months of this year, according to El Salvador’s central bank. A Poor Country Made Bitcoin a National Currency. The Bet Isn’t Paying Off. 2022-07-05T04:00:00Z Some have sent back remittances that helped a few families build upscale homes. Guatemala, Mexico families mourn missing teenage sons after migrant tragedy 2022-07-01T04:00:00Z Tulul said Wilmer did not see a future for himself in a town where modest homes were built with remittances sent from the United States. Migrants in Texas trailer tragedy died seeking better lives 2022-06-29T04:00:00Z In Kyrgyzstan, which hosts a Russian air base and where Russia’s remittances make up over 30 percent of the gross domestic product, apprehension about blowback is even more palpable. U.S. works to scale up intelligence networks in Central Asia 2022-06-21T04:00:00Z U.S.-based money transfer firm Western Union Co , announced an agreement Wednesday with South American e-commerce giant MercadoLibre to send digital remittances to Mexico, which have become a lifeline for the weakened local economy. Western Union and MercadoLibre team up to send digital remittances to Mexico 2022-07-06T04:00:00Z And most recently, a Cuban Central Bank measure prompted some embassies to temporarily halt services or charge for visas in dollars or euros, foreign currencies available to Cubans primarily via remittances or the black market. Doors are closing fast for Cubans seeking to travel 2022-06-17T04:00:00Z “They send remittances to these people every day, the banks are full every day,” says Rosa Barrera, 46, who sells fruit, juices and snacks. A California city that became Little El Salvador feels the pain of separation from its parent 2022-06-17T04:00:00Z The government is keen to support more people hoping to work abroad to boost remittances, which have halved in recent months, according to central bank data. Battered by economic crisis, Sri Lankans seek passport to a better life 2022-06-16T04:00:00Z Millions of Indians work and live in the Persian Gulf region, sending home remittances. Opinion | The U.S. must oppose India’s rising Islamophobia 2022-06-14T04:00:00Z We know that remittances sent from U.S. residents to Cubans on the island and travel between the two countries — largely suspended in the Trump administration — remain problematic. Q&A: Cuban foreign minister discusses Summit of the Americas exclusion 2022-06-13T04:00:00Z In 2020, even in the midst of a global pandemic, these nations together received $65.4 billion in remittances sent by U.S. relatives. Immigrants defend AMLO and pressure Biden on immigration policy at Summit of the Americas in L.A. 2022-06-10T04:00:00Z Over the decades, he rose to become a farm administrator and, like so many others, sent remittances to his homeland. A California city that became Little El Salvador feels the pain of separation from its parent 2022-06-17T04:00:00Z In some Central Asian countries, a significant chunk of the economy comprises remittances that citizens working in Russia send back home, Ms. Javorcik of the reconstruction and development bank said. Global Growth Will Be Choked Amid Inflation and War, World Bank Says 2022-06-07T04:00:00Z The regulations also lift a $1,000 quarterly limit on family remittances to Cuban nationals who are close relatives and allow U.S. citizens to send funds to non-family members on the island. U.S. loosens restrictions on Cuba travel, remittances amid summit blowback 2022-06-08T04:00:00Z Millions of Indians live and work in these countries and send millions of dollars in remittances back home. Nupur Sharma: Prophet Muhammad controversy strains India-Arab ties 2022-06-06T04:00:00Z That will offer work and education opportunities for families, many of whom send remittances back to their home country, in turn stimulating their economies, say Dr Carter. Why Australia is declaring a 'new era' in the Pacific 2022-06-05T04:00:00Z Demand for Mexican imports, however, continued to increase, buoyed by demand in the United States and Mexicans living abroad continued to support their families back home with remittances. Mexico’s economy grew 1% in 1st quarter 2022-05-25T04:00:00Z The turmoil has come from the confluence of the COVID-19 pandemic ravaging the country's lucrative tourism industry and foreign workers' remittances, ill-timed tax cuts by Rajapaksa draining government coffers and rising oil prices. Sri Lanka's prime minister takes on crucial finance ministry portfolio 2022-05-25T04:00:00Z A $1,000-per-quarter cap on remittances to Cubans from family in the United States will end; nonfamily remittances will also be modified to allow payments to independent small businesses. Opinion | To free Cuba, global solidarity is more important than U.S. policy 2022-05-23T04:00:00Z The impact of remittances far predates Obama, however. In Cuba, caution and confusion meet eased US sanctions 2022-05-24T04:00:00Z This month, the Biden administration lifted some of Trump’s prohibitions on travel and remittances, including a cap on how much money may be sent to relatives in Cuba. In Cuba, a frantic search for milk Once established abroad, they send remittances to the island — and Biden has now lifted restrictions on the amount. Righting Trump’s wrongs doesn’t make Biden right in his approach to a new U.S.-Cuba policy 2022-05-20T04:00:00Z Spending has increased as Mexicans living abroad sent a record $12.5 billion in remittances home during the first quarter, tourism picked up, pandemic-restrictions and infections eased, while the job market remained strong. Robust Mexican consumer emerges as a bright spot in weak economy 2022-05-20T04:00:00Z Mr. Biden’s policy tweak might help Cubans who have access to foreign remittances withstand the harsh economic privation on the island, which is laudable as far as it goes. Opinion | To free Cuba, global solidarity is more important than U.S. policy 2022-05-23T04:00:00Z The central bank governor said on Thursday foreign exchange had been secured from a World Bank loan and remittances to pay for fuel and cooking gas shipments, but supplies are still to flow through. 'We are going to die': Sri Lanka warns of food shortages 2022-05-20T04:00:00Z This follows the Biden administration’s announcement on Monday of a partial rollback of Trump-era restrictions on remittances and travel to the Communist-ruled island, moves that Havana has said do not go far enough. U.S. appears set to deem Cuba not cooperating fully against terrorism-document 2022-05-19T04:00:00Z The loosening of sanctions on Venezuela follows the Biden administration’s announcement this week that it was easing some restrictions on travel and remittances to Cuba, another authoritarian state. U.S. to Offer Minor Sanctions Relief to Entice Venezuela to Talks 2022-05-17T04:00:00Z "Consumption has reached pre-pandemic levels, benefiting from easing mobility restrictions, labor market improvement and relatively strong remittances," Fitch said in a note affirming its 'BBB-' rating for Mexico's sovereign debt. Robust Mexican consumer emerges as a bright spot in weak economy 2022-05-20T04:00:00Z On Monday, the administration announced it was lifting several Trump-era restrictions on Cuba, including a cap on remittances and a ban on flights outside Havana. Biden administration begins easing restrictions on Venezuelan oil 2022-05-17T04:00:00Z The changes, which also include relaxing the ban on remittances, were announced after a lengthy review of Cuba policy. Biden Administration Lifting Some Trump-Era Restrictions on Cuba 2022-05-16T04:00:00Z Under new measures approved by the Biden administration, restrictions on family remittances and travel to the island will be eased. US agrees to ease Trump-era sanctions on Cuba 2022-05-16T04:00:00Z The State Department said in a statement that it will remove the current $1,000-per-quarter limit on family remittances and will allow non-family remittance, which will support independent Cuban entrepreneurs. Biden administration to lift Trump-era restrictions on Cuba 2022-05-16T04:00:00Z U.S. rate hikes could squeeze the flow of remittances to Mexico and strict lockdowns in China could worsen supply chain disruptions to Mexico's massive manufacturing base. Robust Mexican consumer emerges as a bright spot in weak economy 2022-05-20T04:00:00Z The State Department said in a statement that it will remove the current $1,000-per-quarter limit on family remittances and will allow non-family remittances, which will support independent Cuban entrepreneurs. White House moves to loosen remittance, flight rules on Cuba 2022-05-16T04:00:00Z The administration is also relaxing the ban on family remittances of $1,000 a quarter to make sure the payments go to individuals, not businesses. Biden Administration Lifting Some Trump-Era Restrictions on Cuba 2022-05-16T04:00:00Z The loosening of sanctions will see a cap on family remittances - funds sent by migrants in the US to family members in Cuba - removed. US agrees to ease Trump-era sanctions on Cuba 2022-05-16T04:00:00Z Former President Donald Trump had increased sanctions against Cuba, including the cancellation of permits to send remittances and the punishment of oil tankers bound for the island. Biden administration to lift Trump-era restrictions on Cuba 2022-05-16T04:00:00Z That included less crimped flow of remittances, fewer travel curbs and faster visa services. U.S. rolls out revised Cuba policy, easing some restrictions on remittances, travel 2022-05-16T04:00:00Z The Directorate says Xiaomi illegally made foreign remittances to certain entities “in the guise of” royalties even though it did not avail any service from them, an allegation the company denies. Exclusive-India tax authority froze $478 million of Xiaomi funds in February-sources, document 2022-05-12T04:00:00Z The war could also have a spillover effect on countries in Central Asia that are heavily dependent on remittances sent by migrants working in Russia. Nearly 5 million jobs lost in Ukraine as war pummels economy - ILO 2022-05-11T04:00:00Z His administration slashed visa processing, restricted remittances and increased hurdles for US citizens seeking to travel to Cuba for any reason other than family visits. US agrees to ease Trump-era sanctions on Cuba 2022-05-16T04:00:00Z That "would lower the Fed's remittances to the Treasury," Mester said. Mester: MBS sales could mean market losses for Fed 2022-05-10T04:00:00Z "We are going to ensure that remittances flow more freely to the Cuban people, while not enriching those who perpetrate human rights abuses," the official said. U.S. rolls out revised Cuba policy, easing some restrictions on remittances, travel 2022-05-16T04:00:00Z That wiped out much of Sri Lanka's revenue base, most notably from the lucrative tourism industry, while remittances from nationals working abroad dropped and were further sapped by an inflexible foreign exchange rate. Explainer: How Sri Lanka spiralled into crisis 2022-05-10T04:00:00Z Those limited visits by U.S. tourists to the islands and restricted remittances from Cubans in the U.S. to their families in Cuba. Crews work through 2nd night after Cuba hotel blast kills 27 2022-05-07T04:00:00Z Xiaomi has been under investigation since February and last week the Indian agency seized $725 million in the company’s India bank accounts, saying it made illegal remittances abroad “in the guise of royalty” payments. Exclusive-Xiaomi accuses Indian agency of 'physical violence' threats during probe 2022-05-07T04:00:00Z The sanctions limited visits by U.S. tourists to the islands and restricted remittances from Cubans in the U.S. to their families in Cuba. Rescuers look for victims at Cuba hotel after blast kills 22 2022-05-06T04:00:00Z Trump slashed visa processing, restricted remittances, scaled back flights to the island and increased hurdles for U.S. citizens seeking to travel to Cuba for anything other than family visits. U.S. rolls out revised Cuba policy, easing some restrictions on remittances, travel 2022-05-16T04:00:00Z For months, opposition leaders and some financial experts urged the government to act, but it held its ground, hoping for tourism to bounce back and remittances to recover. Explainer: How Sri Lanka spiralled into crisis 2022-05-10T04:00:00Z Trump reversed those actions, ending travel and freezing remittances and reversing diplomatic overtures. U.S. refuses to invite Cuba to Summit of the Americas in Los Angeles 2022-05-05T04:00:00Z During the Obama administration, the United States eased restrictions on travel and remittances to Cuba significantly, but they were resurrected under former President Donald J. Trump, dealing a harsh economic blow. Cuban Migrants Arrive to U.S. in Record Numbers, on Foot, Not by Boat 2022-05-03T04:00:00Z The e-levy will also apply to bank transfers and remittances as well as mobile money transactions. Ghana's e-levy adds 1.5% tax to electronic payments 2022-04-30T04:00:00Z The remittance to two other unidentified and unrelated U.S.-based entities was also for "the ultimate benefit of the Xiaomi group entities", the agency added in a statement. India seizes $725 million of Xiaomi assets over illegal remittances 2022-04-30T04:00:00Z The move comes after an investigation was launched by the federal agency in February over concerns of illegal remittances, local media reported. India seizes $725 million from Chinese company Xiaomi 2022-04-30T04:00:00Z In addition, a U.S. policy on remittances, money that people, including Cuban Americans, can send to island residents, remains “under review,” strangling a lifeline for many. U.S. refuses to invite Cuba to Summit of the Americas in Los Angeles 2022-05-05T04:00:00Z MoneyGram International, one of the largest U.S. providers of remittance transfers, was sued Thursday by two regulators for allegedly violating a federal rule designed to make the transfers more transparent and less risky. U.S., N.Y. regulators sue MoneyGram over alleged violations 2022-04-21T04:00:00Z After the ruling, he now looks set to resume work on Wednesday, tackling the Himalayan country's economic challenges, with foreign reserves hit by the slump in tourism during the pandemic and remittances also suffering. Nepal's top court gives temporary reprieve to central bank governor, lawyer says 2022-04-19T04:00:00Z The pandemic wiped out parts of its economy - mainly the lucrative tourism industry - while an inflexible foreign exchange rate sapped remittances from its foreign workers. Explainer-Sri Lanka's reluctance to tap IMF helped push it into an economic abyss 2022-04-18T04:00:00Z Then, when the pandemic hit, Sri Lanka’s two prime sources of dollars — tourism and remittances from Sri Lankans living abroad — collapsed. An Angry Public Wants Sri Lanka’s President Gone 2022-04-12T04:00:00Z This dynamic leaves many older adults dependent on remittances from the more than six million Venezuelans who have migrated due to the economic, political and social crises of recent years. Pension hike not enough for Venezuelans to afford basic food 2022-04-09T04:00:00Z “The interest is in continuing to export Guatemalans so they can continue sending remittances and continue sustaining this country’s economy,” she said. Skepticism meets migrant smuggler crackdown in Guatemala 2022-04-02T04:00:00Z The crisis - the result of economic mismanagement by successive governments - has been compounded by the COVID-19 pandemic, which has hit tourism and remittances. Tight security in Sri Lanka's capital as shops open after state of emergency order 2022-04-02T04:00:00Z For months, opposition leaders and experts urged the government to act, but it held its ground, hoping for tourism to bounce back and remittances to recover. Explainer-Sri Lanka's reluctance to tap IMF helped push it into an economic abyss 2022-04-18T04:00:00Z He said the Ukrainian crisis would reduce not only exports but also tourism income and remittances from abroad. Georgia says it will lose over $1 billion because of Ukraine 2022-03-25T04:00:00Z But nor have they strongly opposed it — fearful of upsetting a dominant neighbor that is a major source of trade and remittances, a guarantor of some countries’ security and a potential aggressor to others. Ukraine Reminds Georgia of Its Own War With Russia. That Creates a Dilemma. 2022-03-19T04:00:00Z Historically weak government finances, badly timed tax cuts and the COVID-19 pandemic, which hit the lucrative tourism industry and foreign remittances, have wreaked havoc on the economy, leading to a currency devaluation last week. Protests flare in crisis-hit Sri Lanka as govt readies for IMF talks 2022-03-15T04:00:00Z North Africa and the Middle East rely on Russia for basics from fertilizer to wheat; Central Asian populations rely on its remittances. Opinion | Putin Wants a Clash of Civilizations. Is ‘The West’ Falling for It? 2022-03-11T05:00:00Z A combination of historically weak government finances, badly timed tax cuts and the COVID-19 pandemic, which hit the country’s lucrative tourism industry and foreign remittances, have wreaked havoc on Sri Lanka’s economy. Exclusive-Sri Lanka to start talks with IMF on debt restructuring - sources 2022-03-11T05:00:00Z Experts said the central bank should have set a higher exchange limit to increase remittances. Sri Lanka to allow rupee to weaken to 230 per dollar 2022-03-07T05:00:00Z For instance, paying with stablecoin could reduce the costs and delays involved in sending and receiving remittances. Opinion | ‘Stablecoins’ claim to be a safer cryptocurrency — but they’re far from risk-free 2022-03-06T05:00:00Z Cuba would like the United States to ease sanctions that limit remittances to the island. Increasingly isolated, Putin finds a few allies in Latin America 2022-03-05T05:00:00Z Payments company Wise and remittance processor Remitly have, for instance, suspended money-transfer services in Russia, while Apple Inc limited use of Apple Pay. Analysis-Crypto exchanges won't bar Russians, raising fears of sanctions backdoor 2022-03-02T05:00:00Z Those workers’ families have come to rely on the money they send home — remittances. Economic dangers from Russia’s invasion ripple across globe 2022-03-01T05:00:00Z He said the central bank should have set the rate at about 250-260 if it wanted to bring in more remittances. Sri Lanka to allow rupee to weaken to 230 per dollar 2022-03-07T05:00:00Z Nichols testified last month that recommendations on remittances were in the White House's hands and "we await their decision." EXCLUSIVE U.S. set to announce increased staffing at Havana embassy to process visas-sources 2022-03-01T05:00:00Z Studies have shown that its fees for remittances are comparable with traditional money sending services, such as Western Union. El Salvador's president buys bitcoins 'naked,' he boasts. His experiment is costing his nation millions 2022-02-23T05:00:00Z Last year El Salvador received $7.2 billion, or nearly 30% of its GDP, in remittances from Salvadoran immigrants in the U.S. In Latin America's new Cold War, will China lift up autocrats? 2022-02-17T05:00:00Z Some remittances and other international financial transfers have slowed, along with previously planned imports of goods and services, because of fears of violating sanctions on the Taliban. Spurning Demand by the Taliban, Biden Moves to Split $7 Billion in Frozen Afghan Funds 2022-02-11T05:00:00Z The Tongan director and broadcaster at Pasifika Radio and TV based in Australia was used to choosing from an array of remittance providers to digitally transmit the funds to her. Tonga: How an Internet blackout left many desperate for money 2022-02-06T05:00:00Z Data shows that overseas remittances — the nation’s main foreign exchange earner— have fallen by nearly 60% to $812 million in December from a year earlier. Cash-strapped Sri Lanka appeals to expats to send money 2022-02-04T05:00:00Z In 2019, remittances to Tonga were worth the equivalent of 37 percent of its gross domestic product, the highest figure of any nation in the world, according to data from the World Bank. Tonga’s Proud Diaspora Confronts Daunting Challenge of Disaster Response 2022-01-28T05:00:00Z Meanwhile, the Biden administration has clarified still-pending sanctions against the Taliban to make clear that relief agencies can pay teachers, and the administration has authorized cash remittances from Afghan family members abroad. Opinion | Biden is right to say yes to the Afghan people — and no to the Taliban 2022-01-27T05:00:00Z Treasury in the past has provided some mitigation measures on financial sanctions, such as granting licenses here protecting senders of humanitarian aid and personal remittance flows to Afghanistan despite sanctions against the ruling Taliban. U.S. companies push Biden, Congress for caution on Russia sanctions 2022-01-26T05:00:00Z Four out of five Tongan households receive remittances from abroad. Tonga: How an Internet blackout left many desperate for money 2022-02-06T05:00:00Z Mexico is now the third largest receiver of remittances in the world, behind only India and China, and Mexico now accounts for about 6.1% of world remittances, according to a government report. Mexico’s remittances pass $50 billion, surge during pandemic 2022-01-25T05:00:00Z The Mexican government believes remittances last year will surpass $50 billion for the first time. Indigenous town in Mexico survives on remittances from US 2022-01-25T05:00:00Z Bukele promoted the adoption as way for thousand of Salvadorans to avoid money transfer fees when relatives living outside the country sent home remittances. IMF urges El Salvador to drop Bitcoin as legal tender 2022-01-25T05:00:00Z One of its most reliable sources of dollars was remittances from the millions of Lebanese who went abroad to find work. Explainer: Lebanon's financial crisis and how it happened 2022-01-23T05:00:00Z Tonga's economy is largely agriculture-driven, but the contribution of remittances from abroad to its GDP outstrips even the export of goods like coconuts, squash, and cassavas. Tonga: How an Internet blackout left many desperate for money 2022-02-06T05:00:00Z It would also compete with the burgeoning stablecoin market and could reduce the cost of financial transactions, particularly overseas remittances. Fed study on digital currency leans to role for banks 2022-01-20T05:00:00Z But whether the remittances allow families to just survive or progress enough so their kids won’t have to emigrate varies, reflecting a person’s plans and outlook. Indigenous town in Mexico survives on remittances from US 2022-01-25T05:00:00Z Further squeezing the economy are sanctions imposed by the Trump administration, including restrictions on flights to Cuba and limits on remittances. Cubans who joined July protests now face stiff sentences 2022-01-19T05:00:00Z Expatriate remittances have also fallen after the government ordered the mandatory conversion of foreign currency and controls over exchange rates. China foreign minister in Sri Lanka to discuss Belt and Road 2022-01-08T05:00:00Z The trade bloc is expected to open many service sector jobs to workers in member countries — a big draw for countries like the Philippines that rely heavily on remittances from migrant workers. Asia looks to China-focused trade bloc for virus recovery 2021-12-30T05:00:00Z The Treasury Department this month issued a license allowing personal remittance payments to be sent to people in Afghanistan. As Humanitarian Disaster Looms, U.S. Opens Door for More Afghanistan Aid 2021-12-22T05:00:00Z The next generation is the key: Will the influx of remittances allow Comachuen’s young adults to build a life in Mexico, instead of doing stoop labor in U.S. fields? Indigenous town in Mexico survives on remittances from US 2022-01-25T05:00:00Z They will also allow Afghans living abroad to send money to their families in Afghanistan through remittances. US Treasury creates pathway to send aid to Afghanistan 2021-12-22T05:00:00Z That has pushed many to find side jobs, rely on remittances or leave the country. Inflation, even in dollars, dims Venezuelans’ holiday season 2021-12-21T05:00:00Z The Treasury Department issued licenses that eased sanctions to allow money flows for emergency food, medicine and shelter, and the transfer of cash remittances to non-sanctioned individuals in Afghanistan. With hunger, poverty growing in Afghanistan, Biden pressured to ease sanctions 2021-12-19T05:00:00Z Drafted measures, which the administration had hoped to announce before the end of this year, include a reauthorization of remittances and U.S. citizen travel to Cuba. More than 100 House Democrats urge Biden to implement changes in Cuba policy 2021-12-16T05:00:00Z That money, known as remittances, kept families fed after local woodworking sales dropped off a decade ago when pine lumber started to become scarce. Indigenous town in Mexico survives on remittances from US 2022-01-25T05:00:00Z Treasury Department formalised guidance allowing personal remittances to Afghanistan and protecting senders and financial institutions from U.S. sanctions, offering some hope to those with relatives outside the country. Afghanistan central bank says it is acting to halt currency slide 2021-12-14T05:00:00Z The central bank wants to boost reserves by capturing more remittance inflows and is counting on a revival in tourism. Explainer: Why does Sri Lanka want migrant workers to remit funds via banking channels? 2021-12-06T05:00:00Z Even defectors who have regularly sent remittances back into North Korea are finding it difficult to reach their families or are running into more scam brokers who pocket the money themselves. North Korea heads into ‘tense’ winter: Closed borders and food supplies in question 2021-12-04T05:00:00Z Although only Congress can reverse the economic embargo, Biden could change the rules on remittances and travel, and loosen implementation rules on aid and trade, by himself. More than 100 House Democrats urge Biden to implement changes in Cuba policy 2021-12-16T05:00:00Z Mexico’s remittances reached another record in October, powered by the U.S. economic recovery and a weaker peso that encourages workers abroad to send money back home to support their families. Fed report cites higher prices, labor shortages 2021-12-01T05:00:00Z “The main feature I see is it’s going to help expand business opportunities and remittance opportunities and help stabilize economies in Central and South America,” Soto said. Locked out of traditional financial industry, more people of color are turning to cryptocurrency 2021-12-01T05:00:00Z Having a greater share of remittance flows is vital as it plans to securitise a portion of the remittances and use this as a guarantee to borrow additional funds. Explainer: Why does Sri Lanka want migrant workers to remit funds via banking channels? 2021-12-06T05:00:00Z “The resilience of migrants’ international remittances has defied predictions, remaining high in 2020, with just a 2.4% decline globally - and much less dire than the 20 % drop initially projected,” Daniels said. UN migration agency: COVID has ‘radically altered’ mobility 2021-12-01T05:00:00Z A booming U.S. job market and a strong dollar that makes remittances sent back to Brazil stretch farther are proving hard to resist. A Brazilian town empties as migration to U.S. accelerates 2021-11-30T05:00:00Z Strong remittances from Mexicans working outside the country are also helping. Mexico’s economy slowed in 3rd quarter 2021-11-25T05:00:00Z Promoting "democratic socialism," Castro wants to decriminalize abortion, reduce bank charges for remittances, create a U.N.-backed anti-corruption commission and repeal a new laws that she says feeds corruption and drug trafficking. In Sunday's election, Xiomara Castro could end two-party rule in Honduras 2021-11-25T05:00:00Z The average Guatemalan household where someone had migrated was getting $350 a month in remittances. Major study undercuts Biden explanation for surge in illegal immigration 2021-11-23T05:00:00Z The Trump administration restricted travel to the island, cut off remittances and further locked the island out of the international financial system, pummeling its foreign exchange inflows. In Cuba, Desires for Food and Freedom May Spark a Rare Day of Protest 2021-11-14T05:00:00Z Locals have nicknamed the city "Valadolares" for the dollars earned by emigres and sent here as remittances. A Brazilian town empties as migration to U.S. accelerates 2021-11-30T05:00:00Z President Joe Biden had asked the Treasury and State departments in July to report back on how to allow remittance payments - a financial lifeline for many Cubans - without the Cuban government and military profiting. Biden policy on Cuba remittances needs more work -U.S. official 2021-11-05T04:00:00Z Much of Afghanistan’s economy revolves around foreign trade, foreign aid and remittances from abroad. World Digest: Nov. 3, 2021 2021-11-03T04:00:00Z An increase in the number of Nicaraguans living abroad has also boosted remittances to the Central American country, and may act as an escape valve for some internal dissent. Explainer: What might happen next if Ortega wins a fourth term in Nicaragua's election? 2021-11-03T04:00:00Z Any further escalation could undermine jobs of more than 350,000 Lebanese in Gulf Arab states who send home millions in remittances. EXPLAINER: Why frustrated Saudi is lashing out at Lebanon 2021-11-01T04:00:00Z Saudi Arabia has been a major source of investment in Lebanon, and Lebanese employed in the kingdom provide crucial remittances to families back home. Saudi Arabia says it is expelling Lebanon’s ambassador and stopping Lebanese imports 2021-10-29T04:00:00Z Strict limits on remittances were imposed by former President Donald Trump, who rolled back the historic rapprochement that his predecessor, Barack Obama, oversaw between the United States and its old Cold War foe. Biden policy on Cuba remittances needs more work -U.S. official 2021-11-05T04:00:00Z Harsh U.S. sanctions on vital foreign exchange earners such as tourism, remittances and foreign investment, many implemented under then-U.S. EXCLUSIVE Cuba, Paris Club reach deal to skip 2021 debt payment - diplomats 2021-10-20T04:00:00Z "She is now investing wisely, has learnt internet banking and set up remittances for her daughter's education. These are all very small things but to us it's a huge win." The Indian women widowed by Covid-19 2021-10-19T04:00:00Z A senior State Department official in an interview declined to detail the recommendations but said the goal was to get remittances to ordinary people and not into the hands of the Cuban government or military. Despite promises to lift some Trump sanctions, Biden leaves Cuba in deep freeze 2021-10-18T04:00:00Z For example, remittances sent by immigrants, primarily from the United States, account for a quarter of the country’s gross domestic product. Bitcoin Preaches Financial Liberty. A Strongman Is Testing That Promise. 2021-10-07T04:00:00Z By some measures adoption in the poor country, where one fifth of families depends on remittances, has been rapid. One month on, El Salvador's bitcoin use grows but headaches persist 2021-10-07T04:00:00Z Folks weren’t interested in new shoes, but relied on the transfers to send remittances to Mexico. Drought wants to knock out this small California town. The people who love it are trying to save it 2021-10-06T04:00:00Z But in many of the over 80 countries where it offers remittances, Wise partners with banks to hold deposits, which increases its costs and prices. U.K.'s Wise to join the New Payments Platform in Australia 2021-09-26T04:00:00Z But some observers suspect the administration remains internally at odds over what to do about remittances and broader Cuba policy. Despite promises to lift some Trump sanctions, Biden leaves Cuba in deep freeze 2021-10-18T04:00:00Z The company processed more than $16.1 billion in remittances for the 12 months that ended June 30. Remitly shares jump in one of Washington’s largest recent initial public offerings 2021-09-23T04:00:00Z However, most of El Salvador's $6 billion dollars annual remittances - about a quarter of the nation's gross domestic product - still comes via money transfers, with many wary of the cryptocurrency's volatility. One month on, El Salvador's bitcoin use grows but headaches persist 2021-10-07T04:00:00Z And remittances sent home by the Haitian diaspora makes up more than a third of the country’s gross domestic product. Charges of racism swirl as Haitian Americans, allies unite to protest Biden’s border crisis 2021-09-22T04:00:00Z He said the immediate focus should be on helping the Afghan people by allowing the flow of remittances and small-scale transfers, and providing aid to countries hosting Afghan refugees. IMF warns of 'looming humanitarian crisis' in Afghanistan 2021-09-16T04:00:00Z U.S. officials argue that part of the remittance money is skimmed off by the Cuban government, a concern Havana says is overblown. Despite promises to lift some Trump sanctions, Biden leaves Cuba in deep freeze 2021-10-18T04:00:00Z Hard currency remittances have formed an important source of external finance for Afghanistan over the years but dollar availability has dried up in the aftermath of the Taliban's conquest of the country. Afghanistan remittance payouts limited to local currency -sources 2021-09-11T04:00:00Z Many defectors are unable to get in touch with their families or send remittances, affected by the crackdown on brokers who would arrange such contacts. What’s happening inside North Korea? Since the pandemic, the window has slammed shut. 2021-09-08T04:00:00Z Beyond security, he noted that the U.S. is Pakistan’s largest export destination, is one of the top foreign investors in Pakistan and is the third-largest source of remittances to Pakistan. EXCLUSIVE: Pakistan key to terror fight in wake of Taliban takeover, ambassador says 2021-09-08T04:00:00Z Carlos Soriano, 29, visited one of the Chivo automatic tellers to receive remittance money sent by a relative in the United States. Glitches still plague bitcoin rollout in El Salvador 2021-09-08T04:00:00Z Some Cuban Americans say the slow pace on remittances is doing less harm to the communist government or military than to average Cubans on the island. Despite promises to lift some Trump sanctions, Biden leaves Cuba in deep freeze 2021-10-18T04:00:00Z Mr. Bukele has said the move will also make receiving remittances from abroad faster and cheaper and will attract foreign investment. El Salvador’s Adoption of Bitcoin Is Off to a Rocky Start 2021-09-07T04:00:00Z President Nayib Bukele, who has championed the initiative, said the digital currency will be optional in the poor, dollarized country but that using it will eliminate commissions Salvadorans abroad pay to send home remittances. Factbox: A glimpse under the hood of El Salvador's bitcoin experiment 2021-09-07T04:00:00Z Using the cryptocurrency would make it faster and cheaper to get remittances from abroad, he argues, and could free the indebted nation from the hold of the traditional global financial system. In Global First, El Salvador Adopts Bitcoin as Currency 2021-09-07T04:00:00Z “I receive remittances and they sent me this month’s, but I wasn’t able to take out the money,” Soriano said. Glitches still plague bitcoin rollout in El Salvador 2021-09-08T04:00:00Z State Department officials in July put together a task force with representatives from the Treasury Department and other agencies, who consulted with outside experts for recommendations on remittances. Despite promises to lift some Trump sanctions, Biden leaves Cuba in deep freeze 2021-10-18T04:00:00Z The plan spearheaded by the young, charismatic and popular President Nayib Bukele is aimed at allowing Salvadorans to save on $400 million spent annually in commissions for remittances, mostly sent from the United States. El Salvador leads the world into cryptocurrency: bitcoin legal tender 2021-09-07T04:00:00Z Meanwhile, World Bank data shows that the dollarized Central American country's U.S. remittance costs are already some of the lowest worldwide. Factbox: Pros and cons for El Salvador, the first bitcoin nation 2021-09-06T04:00:00Z But crypto advocates say Bitcoin is just the first step into a bigger world of alternative financial services that could facilitate receiving remittances from abroad — which Salvadorans increasingly rely upon — and attract investors. In Global First, El Salvador Adopts Bitcoin as Currency 2021-09-07T04:00:00Z “Our people pay $400 million a year in commissions for remittances,” the president wrote on Twitter in August. Migrant families wary as El Salvador becomes first to adopt bitcoin 2021-09-06T04:00:00Z Last week, Price confirmed that the recommendations on remittances had been sent to the White House “some number of weeks ago” but offered no timeline for when action might be taken. Despite promises to lift some Trump sanctions, Biden leaves Cuba in deep freeze 2021-10-18T04:00:00Z Last year alone remittances to El Salvador amounted to almost $6 billion, or 23% of its gross domestic product, one of the highest ratios in the world. El Salvador leads the world into cryptocurrency: bitcoin legal tender 2021-09-07T04:00:00Z “Do I need to have cryptocurrency to send remittances or just download the application?” he asked. Bitcoin brings hopes, doubts for Salvadorans sending money 2021-09-06T04:00:00Z A company spokeswoman said that it made the decision after the United States government indicated that remittances to Afghanistan were permissible. U.S. Wrestles With Taliban Sanctions as Afghan Crisis Looms 2021-09-03T04:00:00Z A 2015 Central Bank study showed that over one-fifth of Salvadoran households rely on remittances to get by, and the government is doubling down on the bitcoin strategy. Migrant families wary as El Salvador becomes first to adopt bitcoin 2021-09-06T04:00:00Z It also gave Western Union, the world's largest money transfer firm, and other financial institutions a green light to resume processing here personal remittances to Afghanistan from migrants overseas. U.S. has no plans to release billions in Afghan assets, Treasury says 2021-09-03T04:00:00Z Millions of Afghans, shut out from formal banking, used it to send and receive remittances, as have migrant workers and others around the world. Short on Money, Legal and Otherwise, the Taliban Face a Crisis 2021-09-02T04:00:00Z “Bitcoin goes up, goes down. Then how is that going to affect our people?” asked Diaz, who works at a union for construction workers and sometimes sends remittances to his mother-in-law, other relatives and friends. Bitcoin brings hopes, doubts for Salvadorans sending money 2021-09-06T04:00:00Z A Treasury Department official confirmed that the agency had contacted financial institutions to relay that personal remittances were allowed. U.S. Wrestles With Taliban Sanctions as Afghan Crisis Looms 2021-09-03T04:00:00Z Treasury Department said American financial institutions could process personal remittances. Restoration of Kabul’s Closed Airport Begins as Some Afghan Aid Resumes 2021-09-02T04:00:00Z Treasury Department has told financial institutions that they may process personal remittances to Afghanistan, a Treasury spokesperson said on Thursday. U.S. Treasury allows personal remittances to flow to Afghanistan 2021-09-02T04:00:00Z The world's largest money-transfer firm and MoneyGram International Inc, another global remittance provider, suspended services in Afghanistan here two weeks ago after the Islamist militia captured Kabul at lightning speed. Exclusive-Western Union resuming services to Afghanistan - senior exec 2021-09-02T04:00:00Z In 2020, El Salvador received nearly $5.9 billion in remittances from abroad — the vast majority of it from the U.S., according to the Central Reserve Bank of El Salvador. Bitcoin brings hopes, doubts for Salvadorans sending money 2021-09-06T04:00:00Z Afghanistan also relies heavily on remittances, with such payments from migrant workers overseas accounting for about 4% of the country’s gross domestic product. Explainer: What leverage do U.S., allies have over Taliban in Afghanistan? 2021-09-02T04:00:00Z Such remittances from the Afghan diaspora, a crucial source of income and foreign currency in Afghanistan, had basically stopped. Restoration of Kabul’s Closed Airport Begins as Some Afghan Aid Resumes 2021-09-02T04:00:00Z Bukele has defended his initiative by insisting that use of the digital currency will be optional in the impoverished, dollarized country, and that it will eliminate commissions Salvadorans pay abroad to send home remittances. 'We don't know it': Salvadorans fret over looming bitcoin adoption 2021-09-01T04:00:00Z “We’ve engaged with the U.S. government, which has conveyed that allowing humanitarian activities, including remittances, to continue are consistent with U.S. policy.” Exclusive-Western Union resuming services to Afghanistan - senior exec 2021-09-02T04:00:00Z In a statement on Monday, Emefiele said the currency would accelerate financial inclusion and enable cheaper and faster remittance inflows. Nigeria to partner with Bitt Inc to launch 'eNaira' digital currency 2021-08-30T04:00:00Z Many software developers in Honduras are already paid in cryptocurrencies, Mayen said, adding that it will also be a cheaper option to send remittances. Bitcoin fever reaches Honduras with first cryptocurrency ATM 2021-08-27T04:00:00Z The Central American nation of El Salvador recently announced it would recognize use of the cryptocurrency Bitcoin as a way to encourage remittances from its citizens living abroad. Cuba to recognize — and regulate — cryptocurrencies 2021-08-26T04:00:00Z On top of foreign aid, another 4% of Afghanistan's GDP was made up of remittances, according to the World Bank - that is, family members living outside the country sending money home from abroad. Afghanistan's economy in crisis after Taliban take-over 2021-08-25T04:00:00Z Farah said that Western Union had been assured by the banks it partners with in Afghanistan that they had sufficient cash to pay receivers of remittances. Exclusive-Western Union resuming services to Afghanistan - senior exec 2021-09-02T04:00:00Z "Guatemala, Honduras and El Salvador are the countries that would have the most to gain if the adoption of bitcoin lowered the cost of sending remittances," said Mossi. Remittance costs key to take-up of Salvadoran bitcoin plan -development bank 2021-08-24T04:00:00Z The funds, part of a $650 billion global programme, will shore up Pakistan's foreign reserves, under pressure from a rise in the current account deficit and falling remittances from workers based abroad. Pakistan gets $2.75 bln in COVID-19 support funds from IMF 2021-08-24T04:00:00Z Critically, the future flow of remittances and international aid Afghanistan relies upon may now be more uncertain. Factbox: Crisis pushes Afghanistan's economy closer to the brink 2021-08-20T04:00:00Z This meant that it was one of the countries most dependent on remittances in the world. Afghanistan's economy in crisis after Taliban take-over 2021-08-25T04:00:00Z “Some of them have indicated at some locations that they have good liquidity in afghani and at least some liquidity in U.S. dollars as well, we allow payouts in both, to resume remittances,” he added. Exclusive-Western Union resuming services to Afghanistan - senior exec 2021-09-02T04:00:00Z Dependence on remittances from abroad and assistance from international non-governmental groups will only accelerate, he said, likely making Haiti even weaker. Injured in Haiti’s quake continue to show up at hospitals 2021-08-17T04:00:00Z More than 40% of Venezuelan households receive some remittances from abroad, which last year were expected to reach $4 billion, according to the consultancy firm Econoanalitica, based in Caracas, the capital. Hyperinflation, US dollars pricing out Venezuelan consumers 2021-08-11T04:00:00Z International organizations say North Macedonia is being hard hit by the pandemic due to a loss of employment and drop in remittances, with the Roma community disproportionately affected. North Macedonia starts fund for poverty-stricken Roma 2021-07-30T04:00:00Z In a direct message to the United States, it noted that “the easing of external restrictions, including on remittances and travel” would be helpful in encouraging internal reforms in Cuba. Biden’s Cuba moves are slow to win support among key U.S. allies 2021-07-29T04:00:00Z Afro-Cubans are less likely to have relatives abroad than White Cubans; few get dollar remittances to purchase goods in Cuba’s warped, state-run economy. Opinion | A Black uprising is shaking Cuba’s Communist regime 2021-07-27T04:00:00Z The Pakistani workforce in Saudi Arabia contributes $7 billion, or a quarter of the country’s total annual remittances. Pakistan, Saudi Arabia to work on easing travel restrictions 2021-07-27T04:00:00Z The United States is reviewing its remittance policy to “maximize support to the Cuban people,” Biden said. Biden says 'just the beginning' on Cuba sanctions for crackdown on protests 2021-07-22T04:00:00Z The White House said on Tuesday that Biden would form a working group to examine remittances to Cuba in the wake of the protests on the island. U.S. to impose sanctions on Cuban officials over crackdown on protests -source 2021-07-22T04:00:00Z “I would not do that now,” he said, “because the fact is, it is highly likely that the regime would confiscate those remittances, or big chunks.” Acknowledging Disagreements, Biden and Merkel Signal Warmer U.S.-German Ties 2021-07-15T04:00:00Z He said he would not allow a return to levels of remittances that were sharply reduced by Trump, because the Cuban regime would profit from it. Biden meets with Merkel in his first session with a European leader at the White House 2021-07-15T04:00:00Z “Fifty-six percent of Cuban families receive remittances. So 56 percent of Cuban families, their standard of living declined as a result of Trump’s action and Biden’s inaction,” said LeoGrande. Cuba and Haiti upheaval could mean twin migration crises 2021-07-14T04:00:00Z Cuba’s command economy is moribund and broke, tourism revenue gutted by the pandemic, and remittances from abroad curbed by U.S. sanctions. Opinion | For a few hours, the world got to see Cubans’ desire for freedom 2021-07-12T04:00:00Z Last month, the government said it would temporarily stop banks accepting cash deposits in dollars, the main currency that Cubans receive in remittances from abroad. Cuba protests: Three key issues that explain the rare unrest 2021-07-12T04:00:00Z In addition, members of the Haitian diaspora concentrated in the U.S. send home more than $3 billion in remittances yearly, or around a third of the nation’s gross domestic product. Biden with few options to stabilize Haiti in wake of slaying 2021-07-08T04:00:00Z Haitians and others abroad sent $3.8 billion in remittances to Haiti in 2020, making up 28 percent of the nation’s gross domestic product, according to the World Bank. Haitians in the United States fear for homeland following assassination 2021-07-07T04:00:00Z Only January and February, traditionally slow months for remittances, fell below that mark this year, with March, April and May setting new records. Mexican migrants sent home a record $4.5 billion in May 2021-07-01T04:00:00Z El Salvador this month became the first country to adopt bitcoin as legal tender along with the U.S. dollar, with Bukele touting the cryptocurrency's potential as a remittance currency for Salvadorans overseas. El Salvador's Bukele seeks 20% minimum wage hike, orders food handouts 2021-07-01T04:00:00Z That is a problem for the tens of thousands of Pakistanis who work in Saudi Arabia and contribute $7 billion, or a quarter of the country's total annual remittances. Desperate expatriate workers storm Islamabad vaccination centre 2021-06-28T04:00:00Z Lifting restrictions on remittances, travel and the processing of visas in Havana is likely to be first on the list, but there is no timetable. New Cuba policy on hold while Biden deals with bigger problems 2021-06-27T04:00:00Z Two of her brothers in the United States now use the technology to send home remittances, avoiding commissions of 10% or more charged by traditional money wiring services. How a California surfer helped bring bitcoin cryptocurrency to El Salvador 2021-06-22T04:00:00Z As a source of foreign income, remittances earn Mexico more money than oil exports or tourism and are exceeded only by manufacturing exports. Mexican migrants sent home a record $4.5 billion in May 2021-07-01T04:00:00Z Bukele, 39, reiterated his arguments that using the cryptocurrency will help attract investment, boost consumption and cut the cost of sending remittances for millions of Salvadorans working abroad. El Salvador offers $30 of bitcoin to citizens to boost its use 2021-06-25T04:00:00Z Then the Trump administration threatened to send home 60,000 Haitians on temporary status, cutting off their remittances. Opinion | Haiti’s difficult elections 2021-06-20T04:00:00Z That reality is captured in the term “workers’ remittances” found in the International Monetary Fund’s “Balance of Payments and International Investment Position Manual.” Opinion | Remittances aren’t talked about much in discussions of northern migration. They should be. 2021-06-18T04:00:00Z He did not explain how the fund would be big enough, given that El Salvadorans in the United States send home $6 billion in remittances each year. How a California surfer helped bring bitcoin cryptocurrency to El Salvador 2021-06-22T04:00:00Z About 98.5% of Mexico’s remittances are sent from the United States, almost all by bank or wire transfers. Mexican migrants sent home a record $4.5 billion in May 2021-07-01T04:00:00Z Yet one of its most reliable sources of dollars was remittances from the millions of Lebanese who went abroad to find work. Explainer: Lebanon's financial meltdown and how it happened 2021-06-17T04:00:00Z Nurses are among the more than 10 million Filipinos who work and live overseas, with annual remittances in excess of $30 billion a key driver for the country’s consumption-driven economy. Philippine minister aims to deploy more nurses, healthcare staff overseas 2021-06-16T04:00:00Z In discussions of illegal immigration to the United States, remittances hardly figure in the picture, especially in the mainstream media and among the commentariat. Opinion | Remittances aren’t talked about much in discussions of northern migration. They should be. 2021-06-18T04:00:00Z Saudi Arabia is the largest source of foreign remittances to Pakistan, which depends on these funds to support its current account given the country's yawning trade deficit. Pakistan allows AstraZeneca shot for under 40s to help its expatriates 2021-06-15T04:00:00Z Small transfers of bitcoin to El Salvador jumped over four-fold in May from a year ago but still represent a small amount when compared to remittances sent in dollars, data shared with Reuters showed. CenAm development bank to help El Salvador's bitcoin implementation 2021-06-14T04:00:00Z But remittances started slowing from 2011 as Lebanon's sectarian squabbling led to more political sclerosis and much of the Middle East, including neighbouring Syria, descended into chaos. Explainer: Lebanon's financial meltdown and how it happened 2021-06-17T04:00:00Z Small transfers of bitcoin to El Salvador jumped over four-fold in May from a year ago but still represent a small amount when compared to remittances sent in dollars, data shared with Reuters showed. EXCLUSIVE El Salvador bitcoin transfers soar, but still a fraction of dollar remittances 2021-06-14T04:00:00Z Dry sounding “workers’ remittances” represent money that migrants from Honduras, Guatemala and El Salvador send back home to their families and communities. Opinion | Remittances aren’t talked about much in discussions of northern migration. They should be. 2021-06-18T04:00:00Z In the current financial year, Pakistan received $7 billion in remittances from Saudi Arabia, making up more than a quarter of overall remittances. Pakistan allows AstraZeneca shot for under 40s to help its expatriates 2021-06-15T04:00:00Z In all three countries, remittances account for more than 70% of exports of goods and services. Nation-building effort unlikely to stem Central American immigration tide, study finds 2021-06-14T04:00:00Z El Salvador may be touting bitcoin's use to help its citizens living abroad send funds back home, but the biggest remittance firms are cautious about offering cryptocurrency services. Analysis: Remittance firms slow to add bitcoin, despite El Salvador move 2021-06-11T04:00:00Z In its latest report, the World Bank found that for the first three months of 2021, remittances to El Salvador jumped a third year-on-year. EXCLUSIVE El Salvador bitcoin transfers soar, but still a fraction of dollar remittances 2021-06-14T04:00:00Z Workers’ remittances — money sent by people working mostly in low-paid jobs in housekeeping, construction, food preparation, etc. — are a crucial source of investment and external financing for the Northern Triangle. Opinion | Remittances aren’t talked about much in discussions of northern migration. They should be. 2021-06-18T04:00:00Z Though those financial contributions are indeed important, they are peanuts when compared with the remittances sent home by the migrant workers. Opinion | Ms. Harris’s border assignment 2021-06-11T04:00:00Z Increasing regulatory costs related to efforts to combat money laundering and terrorism financing are another burden for traditional remittance firms. Analysis: Remittance firms slow to add bitcoin, despite El Salvador move 2021-06-11T04:00:00Z Salvadorans received some $6 billion in remittances last year from relatives living abroad, mostly in the United States. At El Salvador’s Bitcoin Beach, a glimpse of crypto economy 2021-06-10T04:00:00Z Bitcoin, in theory, offers a quick and cheap way to send money across borders without relying on traditional and often costly remittance channels. EXCLUSIVE El Salvador bitcoin transfers soar, but still a fraction of dollar remittances 2021-06-14T04:00:00Z In 2018, remittances from the United States to the Northern Triangle region exceeded $19 billion, accounting for 21 percent of gross domestic product in El Salvador, 20 percent in Honduras and 12 percent in Guatemala. Opinion | Remittances aren’t talked about much in discussions of northern migration. They should be. 2021-06-18T04:00:00Z The sad reality is that their remittances help to keep in power those ineffective governments that made them emigrate and that keeps them from going home. Opinion | Ms. Harris’s border assignment 2021-06-11T04:00:00Z But despite the possible long-term risk to their business if such moves escalate, only a few of the traditional remittance companies who send the bulk of cross-border transfers are dabbling. Analysis: Remittance firms slow to add bitcoin, despite El Salvador move 2021-06-11T04:00:00Z In theory, bitcoin offers a quick and cheap way to send money across borders without relying on traditional financial firms such as banks and remittance companies. Explainer: El Salvador's bitcoin push: What does it mean for cryptocurrency? 2021-06-10T04:00:00Z Small transfers of bitcoin to El Salvador jumped over four-fold in May from a year ago but still represent a small amount when compared to remittances sent in dollars, data shared with Reuters showed. EXCLUSIVE El Salvador bitcoin transfers soar, but still a fraction of dollar remittances 2021-06-14T04:00:00Z The following year, remittances again made up a fifth of El Salvador’s and Honduras’s GDPs, and they accounted for 14 percent of Guatemala’s. Opinion | Remittances aren’t talked about much in discussions of northern migration. They should be. 2021-06-18T04:00:00Z El Salvador received some $6 billion in remittances from Salvadorans living abroad last year, about 16% of the country’s gross domestic product. El Salvador makes Bitcoin legal tender 2021-06-09T04:00:00Z But in the future crypto is expected to account for a larger slice of the more than $500 billion in global annual remittances. Analysis: Remittance firms slow to add bitcoin, despite El Salvador move 2021-06-11T04:00:00Z World Bank data showed remittances to the country made up nearly $6 billion or around a fifth of GDP in 2019, one of the highest ratios in the world. El Salvador approves first law for bitcoin as legal tender 2021-06-09T04:00:00Z Many families in the village rely on remittances from relatives in the United States. In Guatemala, Harris Tells Undocumented to Stay Away From U.S. Border 2021-06-07T04:00:00Z World Bank data showed remittances to the country made up nearly $6 billion or around a fifth of GDP in 2019 - one of the highest ratios in the world. El Salvador president's bitcoin push casts shadow over IMF efforts 2021-06-07T04:00:00Z One factor is remittances, or the flow of money back home from their citizens who reach the U.S. ‘This can really backfire’: Kamala Harris seeks to defy history with diplomatic mission 2021-06-06T04:00:00Z Yet bitcoin offers, in theory, a quick and cheap way to send money across borders without relying on traditional remittance channels. Analysis: Remittance firms slow to add bitcoin, despite El Salvador move 2021-06-11T04:00:00Z About one quarter of El Salvador’s citizens live in the United States and last year, despite the pandemic, they sent home more than $6 billion in remittances. El Salvador president wants Bitcoin as legal tender 2021-06-05T04:00:00Z Much of El Salvador's developing economy is based on remittances from abroad and the move to a digital currency may allow family members to avoid the costly fees involved in sending money home each month. Bitcoin: El Salvador plans to make crypto-currency legal tender 2021-06-06T04:00:00Z One factor is the money their citizens who do reach the U.S. end up sending home — a flow known as remittances. Harris seeks to defy history with Central America mission 2021-06-04T04:00:00Z As with Haitians, their remittances are a critical source of support in their home country. Opinion | Biden’s move to protect Haitians from deportation puts U.S. immigration policy back on track 2021-05-30T04:00:00Z It shrank 11% last year as a result of a collapse in tourism and remittances. US Coast Guard continues search for 10 Cubans missing at sea 2021-05-28T04:00:00Z Western energy giants Chevron and Total are resisting a ban on remittances to the regime. Opinion | The steps the West must take to save Myanmar 2021-05-25T04:00:00Z Cuba policy, a senior White House official told Reuters this month that Biden remains committed to promises of loosening the flow of remittances from Cuban Americans and easing restrictions on family travel to the island. Cuba says it is surprised and irritated by new U.S. terrorism charge 2021-05-25T04:00:00Z Google’s foray in the $470 billion remittance market, marks a further step by the technology company to expand its financial services offering, ramping up competition in the digital payments sector. Google Pay launches international money transfers with Wise and Western Union 2021-05-11T04:00:00Z Bitso, with operations in Mexico, Argentina and Brazil, is developing other uses for cryptocurrencies, such as sending remittances, the investment fund added. Mexican cryptocurrency trading platform Bitso raises $250 million 2021-05-05T04:00:00Z Many people depend on remittances from relatives abroad. Millions face hunger as Myanmar crisis worsens, United Nations says 2021-04-22T04:00:00Z After the brief warming in U.S.-Cuban relations under Obama, Trump reinstated barriers on flights and cruises and curbed remittances sent home by exiles. Cuba’s Castro era to end as Raúl expected to step down from Communist Party post 2021-04-15T04:00:00Z The family lives mostly on the remittances sent by the girl’s older sister, who lives in neighboring Colombia. The Only Ones Arrested After a Child’s Rape: The Women Who Helped Her 2021-04-13T04:00:00Z The new remittances functionality escalates competition among technology companies and traditional finance firms over consumers’ money and data, with providers looking to become a one-stop shop for their users’ financial needs. Google Pay launches international money transfers with Wise and Western Union 2021-05-11T04:00:00Z Women often remain unemployed at home, waiting for remittances from their husbands, brothers and other male relatives. Training opens ‘a window of hope’ for Albanian rug-weavers 2021-04-04T04:00:00Z In the country’s highlands, large homes paid for by those already in the United States — what some scholars call “remittance architecture” — are daily reminders of the upside of migration. The reason many Guatemalans are coming to the border? A profound hunger crisis. 2021-04-02T04:00:00Z Economic slowdowns in wealthy Gulf countries have cut into remittances sent home by Yemeni expatriates, an economic lifeline for many families. Famine Stalks Yemen, as War Drags On and Foreign Aid Wanes 2021-03-31T04:00:00Z Foreign partners in the energy business, such as Chevron and Total, should be pressed to cease remittances to the government, and banks should freeze accounts the military uses to launder profits from resource smuggling. Opinion | New massacres by Myanmar’s military demand a tougher U.S. response 2021-03-29T04:00:00Z In 2020 Pakistan was included in a list of countries whose citizens would no longer get visas to work in the UAE, a key source of remittances for millions in the country. Hunting rare birds in Pakistan to feed the sex drive of princes 2021-03-27T04:00:00Z Still, the garment sector has shown signs of recovery and other economic drivers - remittances, agriculture and the service sector - are doing well too, pointed out Ahmad, the economist. Born in war, Bangladesh marks 50 years of independence 2021-03-24T04:00:00Z Still, the garment sector has shown signs of recovery and other economic drivers — remittances, agriculture and the service sector — are doing well too, pointed out Ahmad, the economist. Born in war, Bangladesh marks 50 years of independence 2021-03-23T04:00:00Z They send back remittances that support families, pay for the construction of new homes and sustain local businesses. A Violent End to a Desperate Dream Leaves a Guatemalan Town Grieving 2021-03-21T04:00:00Z And now, with tightening U.S. sanctions, neighbouring Lebanon’s financial collapse, COVID-19 hitting remittances from Syrians abroad and allies Russia and Iran unable to provide enough relief, the prospects for economic recovery look poor. Anger simmers over Syria's economic collapse, but Assad appears secure 2021-03-16T04:00:00Z “These rising food and fuel prices are compounded by the near paralysis of the banking sector, slowdowns in remittances, and widespread limits on cash availability,” the WFP said. 'Troubling' signs of Myanmar food price rises since coup: U.N. agency 2021-03-16T04:00:00Z But these defectors, who face chronic discrimination and poverty in the South, now say they’ve stopped or sharply reduced the remittances because of plunging incomes. N Korean defectors struggle to send money home amid pandemic 2021-03-11T05:00:00Z But with most of the world’s economies hurting, that remittance stream has also dwindled. In Nepal and Across the World, Child Marriage Is Rising 2021-03-08T05:00:00Z He suspects he was targeted for running a cryptocurrency remittance business. Cryptocurrencies: Why Nigeria is a global leader in Bitcoin trade 2021-02-27T05:00:00Z Nurses are among the millions of Filipinos who work overseas, providing in excess of $30 billion a year in remittances vital to the country’s economy. Philippines offers nurses in exchange for vaccines from Britain, Germany 2021-02-23T05:00:00Z While those steps may eventually strengthen Cuba's troubled economy, they spell short-term pain for many families, especially those without relatives sending remittances from abroad. Optimism as Cuba set to test its own Covid vaccine 2021-02-15T05:00:00Z Cho said some “robber-like brokers” now ask for a huge cut of the transferred money and that many of his defector friends are waiting for commissions to stabilize before resuming remittances. N Korean defectors struggle to send money home amid pandemic 2021-03-11T05:00:00Z One of Asia’s poorest nations, Nepal relies on remittances and tourism. In Nepal and Across the World, Child Marriage Is Rising 2021-03-08T05:00:00Z But exposure to the state has ultimately been the banks’ undoing since dollar remittances dried up and anticorruption protests erupted, starving the financial system of funding. As Lebanon's banks struggle to raise capital, a deadline looms 2021-02-15T05:00:00Z First of those are the limits on the amount of remittances that Cuban Americans can send to their relatives on the island. Biden to resume remittances, travel to Cuba, but other Obama-era overtures will take a while 2021-02-12T05:00:00Z Most categories of U.S. travel eventually were banned, and remittances by Cuban Americans were slashed. Classified assessment found slow and chaotic response to brain injuries affecting diplomats in Cuba 2021-02-10T05:00:00Z Kim, co-head of a human rights group called the Stepping Stones, said he stopped sending remittances last year because his income plummeted. N Korean defectors struggle to send money home amid pandemic 2021-03-11T05:00:00Z He had entrusted his two young children to his mother because she was receiving remittances from abroad and could afford to feed them. Haiti Braces for Unrest as a Defiant President Refuses to Step Down 2021-02-07T05:00:00Z Migrants sent $40.6 billion to Mexico in cash transmissions, known as remittances, including $4 billion in March alone, a record for a single month. Mexican migrants sent home a record $40 billion in 2020 2021-02-02T05:00:00Z Migrants sent $40.6 billion to Mexico in cash transmissions, known as remittances, including $4 billion in March alone, a record for a single month. Mexican migrants sent home a record $40 billion in 2020 2021-02-02T05:00:00Z Trump, a Republican, clamped down on Cuba after taking office in 2017, tightening restrictions on U.S. travel and remittances to Cuba, and imposing sanctions on shipments of Venezuelan oil to the island. Biden administration to review Trump policy on Cuba: White House 2021-01-28T05:00:00Z Renewed sanctions had already cut back tourism from the American mainland, as well as dollar remittances that support many sectors of the island’s economy. Her quinceañera was going to be the biggest day of her life—then came lockdown 2021-01-27T05:00:00Z Their cheap labor sustains the economies of the Arab region, while their remittances are often vital to supporting families back home. Sold into Syrian servitude, Filipina workers tell of abuse, rape and imprisonment 2021-01-24T05:00:00Z The World Bank estimates one in 10 Yemenis rely on remittances, already down sharply due to the coronavirus pandemic. Yemenis fear cuts to imports, remittances after U.S. blacklists Houthis 2021-01-14T05:00:00Z Fox of the Alliance said something as “simple” as rolling back Trump’s restrictions on remittances could help the Cuban people “immensely.” Tampa-Cuba ties frayed under Trump, Now, it’s Biden’s turn 2021-01-09T05:00:00Z The chart lists every country’s flow of money to and from Australia, and appears to include remittances. Australian agency reviewing data on Vatican money transfers 2021-01-07T05:00:00Z “There’s no political risk in the Cuban American community,” he said, “for going back to making it easier for the remittances to be sent to the island.” Latin American leftists watch warily for change in U.S. 2020-12-15T05:00:00Z “It is a blanket ban that criminalises sending remittances to families in North Korea and denies their rights to outside information,” said Shin Hee-seok of the Transitional Justice Working Group, one of the 20 groups. South Korea passes law to ban anti-North Korea leaflets amid activists' outcry 2020-12-14T05:00:00Z “If the decision is enacted, it will hit remittances, the family situation will deteriorate,” she told Reuters while shopping at a supermarket in the capital Sanaa. Yemenis fear cuts to imports, remittances after U.S. blacklists Houthis 2021-01-14T05:00:00Z “The Cuban people rely on the remittances,” Congresswoman Castor said. Tampa-Cuba ties frayed under Trump, Now, it’s Biden’s turn 2021-01-09T05:00:00Z That message is a sharp departure from Honduras’s previously laissez-faire outlook on migration, and its recognition of the enormous economic contribution that remittances play in the country. Migrant caravans could be early test for Biden and post-Trump relations with Mexico 2020-12-02T05:00:00Z He acknowledges it’s a strange message from somebody who’s built a career that allows him to fly home to Dakar to visit a family he supports with remittances. A migrant’s odyssey from boat to COVID nursing job in Spain 2020-11-25T05:00:00Z That halted millions of dollars in remittances, a key income for families in Afghanistan, and returnees flooded the ranks of those needing work. In multiple countries, alarm over hunger crisis rings louder 2020-11-19T05:00:00Z Aid workers also worry a designation - with the increased burden on banks’ compliance mechanisms - would impact Yemenis’ access to financial systems and remittances from abroad, as well as complicating imports and raising goods prices further. Yemen aid workers fear possible U.S. blacklisting of Houthis 2020-11-19T05:00:00Z In the years after Mitch, Hondurans migrated to the US for the first time in significant numbers, leading to a substantial rise in, and dependence on, remittances. ‘This was worse than Eta’: Hurricane Iota brings repeat destruction to Honduras 2020-11-19T05:00:00Z Each year, the Ethiopian diaspora in the United States sends hundreds of millions of dollars in remittances back to Ethiopia. As Ethiopia descends into civil war, civilians are caught in the crossfire 2020-11-16T05:00:00Z It relies heavily on remittances, and closer ties with the EU are generally seen as more likely than those with Moscow to lead to a long-elusive political stability and economic recovery. Pro-Western candidate wins Moldovan presidential election 2020-11-16T05:00:00Z Some relief in travel and remittance restrictions toward Cuba may be forthcoming, but an imminent resumption of Obama’s opening to Cuba seems unlikely. On Latin America, Biden's brand of diplomacy will be a major shift from Trump 2020-11-15T05:00:00Z How will families cope with a shortage of cash, especially if they rely on remittances sent by relatives living abroad? Ethiopia's Tigray crisis: 'My little brother needs medicine' 2020-11-12T05:00:00Z Today, immigrants who send money across borders to support their loved ones back home lose around $40 billion each year to excessive remittance fees. In a flailing economy, immigration and financial inclusion benefit us all 2020-11-05T05:00:00Z But the Trump administration’s latest Cuba sanction, unveiled last month, looks set to cut off remittances. Cuba has big stake in U.S. election after Trump's trashing of detente 2020-11-01T04:00:00Z “Family remittances are a vital lifeline for millions of Cubans, especially the elderly and other vulnerable citizens.” Cubans lose access to vital dollar remittances after latest US sanctions 2020-11-01T04:00:00Z Former President Barack Obama restored diplomatic relations, loosened restrictions on travel and remittances and became the first U.S. chief of state to set foot in the island in 88 years. Many Cubans hope US election will lead to renewed ties 2020-10-29T04:00:00Z “Obama tried to empower the Cuban people by opening remittances and large-scale travel,” Mr. Morales continued. Cuba Says U.S. Restrictions Will Force Western Union Offices to Close 2020-10-28T04:00:00Z Eliminating predatory remittance practices and making the process of sending money internationally easier and more cost-effective is one way to help level the playing field. In a flailing economy, immigration and financial inclusion benefit us all 2020-11-05T05:00:00Z According to Kenyan central bank data, remittances to Kenya were up 6.5% though August compared to the same period last year. African money transfer firms thrive as pandemic spurs online remittances 2020-10-26T04:00:00Z Though data on Cuba’s foreign exchange flows is sparse, family remittances are probably the island’s third source of hard currency after tourism and the export of medical services. Cubans lose access to vital dollar remittances after latest US sanctions 2020-11-01T04:00:00Z Mexico has steadfastly refused to pay for the border wall, though Trump earlier this year suggested that the wall is being paid, in part, by remittances from Mexican immigrants working in the U.S. Four years in, Trump has plenty of unfinished business 2020-10-24T04:00:00Z Such remittances accounted for around 11% of Armenia’s annual output last year. Donating with the Kardashians: Armenia's diaspora supports embattled homeland 2020-10-16T04:00:00Z Last year, the government began opening better stocked foreign exchange stores for people with access to dollars or a basket of other international currencies from remittances and other sources. Cuba urges calm as overhaul of monetary system looms 2020-10-13T04:00:00Z Azimo, a UK-headquartered remittance company whose major African markets include Nigeria, Ghana and Kenya, saw a nearly 200% increase over the expected number of new customers in April, May and June. African money transfer firms thrive as pandemic spurs online remittances 2020-10-26T04:00:00Z “Lots of remittances are spent on services provided by other Cubans in both registered private businesses and informal activities. They are therefore an important source of income and employment.” Cubans lose access to vital dollar remittances after latest US sanctions 2020-11-01T04:00:00Z Agriculture, transportation and remittances also were hard hit, although public transportation resumed Monday with limited capacity. Cuba relaxes coronavirus restrictions 7 months into pandemic 2020-10-12T04:00:00Z Russia is also one of the largest sources of remittances to Armenia, with the Hayastan All-Armenian Fund’s website showing a large number of recent individual donations originating there. Donating with the Kardashians: Armenia's diaspora supports embattled homeland 2020-10-16T04:00:00Z Biden called the Cuban government’s actions “deeply concerning” but supports lifting some restrictions on U.S. travel and remittances to “support progress.” Where Trump and Biden stand on the issues 2020-09-18T04:00:00Z This year, however, the World Bank expects remittances to fall by 20 percent, which would be the sharpest decline on record. Migration, in reverse: Coronavirus forces migrant workers to return home 2020-10-01T04:00:00Z The crackdown on remittances was the last in a string of moves by the Trump administration to crush the island’s economy. Cubans lose access to vital dollar remittances after latest US sanctions 2020-11-01T04:00:00Z In 2019, remittances reached a record $36 billion, according to central bank data - more than what Mexico earned that year from foreign tourism or annual petroleum exports. Mexican workers send home huge amounts of money amid virus 2020-10-02T04:00:00Z Azerbaijan however is in better fiscal shape and not so reliant on remittances, which comprise less than 3% of is economic output. Donating with the Kardashians: Armenia's diaspora supports embattled homeland 2020-10-16T04:00:00Z In 2019, remittances reached a record $36 billion, according to central bank data — more than what Mexico earned that year from foreign tourism or annual petroleum exports. Mexican workers send home huge amounts of money amid virus 2020-10-01T04:00:00Z As remittances fall, so too will tax revenue, limiting the state government’s ability to help people during what is shaping up to be India’s worst recession in modern history. Migration, in reverse: Coronavirus forces migrant workers to return home 2020-10-01T04:00:00Z Low oil prices and crude production cuts are meanwhile straining the finances of regional oil exporters and reducing remittances. IMF urges higher social spending in Mideast, Central Asia 2020-09-29T04:00:00Z But remittances also enable families to afford schooling, household appliances and better housing. Even When They Lost Their Jobs, Immigrants Sent Money Home 2020-09-24T04:00:00Z In some cases, their economies rely on remittances from workers in wealthier countries. E.U. proposes immigration deal that would require countries to take a share of asylum seekers or assist in deportations 2020-09-23T04:00:00Z The law would exempt Nicaraguans receiving remittances from relatives living abroad and foreigners living in Nicaragua receiving pensions from outside the country, as well as local branches of foreign companies and investors. Proposed Nicaragua law could muffle dissent 2020-09-23T04:00:00Z In Nepal, Honduras, Haiti, Lesotho and Tajikistan, for instance, remittances represent more than 20 percent of gross domestic product. Migration, in reverse: Coronavirus forces migrant workers to return home 2020-10-01T04:00:00Z “We are encouraged by the increase in exports and remittances, and hope the recovery will be sustained, which will help in achieving the projected growth rate,” Parkash said. Bangladesh economy shows early signs of pandemic recovery 2020-09-17T04:00:00Z “We are encouraged by the increase in exports and remittances, and hope the recovery will be sustained, which will help in achieving the projected growth rate,” Parkash said. Bangladesh economy shows early signs of pandemic recovery 2020-09-18T04:00:00Z More than 2 million Filipinos were employed as overseas workers in any given year over the decade preceding the pandemic; their remittances accounted for about 10 percent of the Philippines’ output. For Filipino migrant workers, coronavirus dashes their ticket to a better life 2020-09-09T04:00:00Z The Philippines is one of the world’s leading suppliers of merchant seafarers, whose remittances help to fuel the country’s economy. Cattle Ship Capsizes Off Japan, Leaving Dozens of Crew Members Missing 2020-09-03T04:00:00Z Even for a large economy like India, remittances are important: Last year, they outstripped the total amount of foreign direct investment in the country. Migration, in reverse: Coronavirus forces migrant workers to return home 2020-10-01T04:00:00Z Last year, those hired hands sent $6.14 billion in remittances to the Philippines — a cornerstone of the country’s economy. Philippine fishermen stranded at sea by pandemic: 'We think about jumping overboard' 2020-09-08T04:00:00Z A big driver was workers using bitcoin for remittances, it added. How bitcoin met the real world in Africa 2020-09-08T04:00:00Z The majority of blue-collar migrant worker’s monthly salaries are often sent overseas in remittances to family in their countries of origin. ‘I am starving’: the migrant workers abandoned by Dubai employers 2020-09-03T04:00:00Z The six nations included in the analysis are the birthplaces of about eight of 10 Latino immigrants living in the United States and receive the vast majority of their remittances from the U.S. Pandemic’s effect on remittances to Latin America varied 2020-08-31T04:00:00Z Now, the company touts itself as the world’s top independent provider of such services for immigrants, disrupting the $600 billion global remittance industry and market share of longtime brick-and-mortar leaders like Western Union. Seattle startup Remitly nearly doubles its global reach for immigrants 2020-08-26T04:00:00Z While the remittances will help, they are not enough in a country where 35% of GDP comes from tourism. Ten countries kept out Covid. But did they win? 2020-08-23T04:00:00Z The unrest last year financially ruined many businesses which were unable to get back on their feet before coronavirus hit, while double-digit inflation is ravaging household incomes and remittances are falling. Haiti's schools re-open but many parents now can't afford them 2020-08-20T04:00:00Z During his speech Tuesday, Trump also reiterated his previous threats to tax the remittances sent by millions Mexicans living in the United States to their family members at home. Mexicans slam Trump's idea to tax border crossing cars to fund wall 2020-08-19T04:00:00Z In El Salvador and Honduras, remittances made up more than 20% of gross domestic product last year, according to the report. Pandemic’s effect on remittances to Latin America varied 2020-08-31T04:00:00Z “By leveraging our network, Remitly customers will now enjoy greater convenience and choice when sending remittances.” Seattle startup Remitly nearly doubles its global reach for immigrants 2020-08-26T04:00:00Z It helped me understand the importance of foreign remittances in improving standards of living and stimulating the economy by substantially adding to the national income cycle. It took me 15 trips to withdraw money. Banking is a maze for ordinary Nigerians 2020-08-19T04:00:00Z In March, the month the World Health Organization declared a pandemic, remittances to Mexico topped $4 billion — a record. Coronavirus surprise: Remittances to Mexico rise during pandemic 2020-08-05T04:00:00Z The country was locked down from March until July; remittances from Nepalis overseas slumped; imports from China fell; and tourism dried up. World's remotest Irish bar: 'We will survive Covid' 2020-08-06T04:00:00Z Meanwhile, remittances from overseas workers, a major source of income in the country, plummeted by almost 19.3% in May. Millions in Manila back in lockdown as Duterte loses control of coronavirus spread 2020-08-03T04:00:00Z “We want to contribute to science in Africa, beyond the remittances we send home.” Daily briefing: Safe landing for SpaceX crew cements new era in private human spaceflight 2020-08-02T04:00:00Z Nigerian banking tells itself that the “strict regulations” it imposes on foreign remittances such as mine are to mitigate against rampant cyber fraud. It took me 15 trips to withdraw money. Banking is a maze for ordinary Nigerians 2020-08-19T04:00:00Z For years, the logic behind remittances — the payments that migrant workers send back home — was straightforward. Coronavirus surprise: Remittances to Mexico rise during pandemic 2020-08-05T04:00:00Z The home Amrit had helped build with his remittances is a small rectangle of brick walls: two rooms and a raised platform open to the elements. Opinion | A Friendship, a Pandemic and a Death Beside the Highway 2020-07-31T04:00:00Z We want to contribute to science in Africa, beyond the remittances we send home. How African scientists can give back to their home continent 2020-07-30T04:00:00Z The Arab world’s poorest country is suffering further from a fall in remittances and a huge drop in funding from humanitarian agencies. Virus-linked hunger tied to 10,000 child deaths each month 2020-07-27T04:00:00Z The Arab world’s poorest country is suffering further from a fall in remittances and a huge drop in funding from humanitarian agencies. Virus-linked hunger tied to 10,000 child deaths each month 2020-07-27T04:00:00Z As more people migrate and as economies in the developed world grow, remittances increase. Coronavirus surprise: Remittances to Mexico rise during pandemic 2020-08-05T04:00:00Z The Arab world’s poorest country is suffering further from a fall in remittances and a drop in funding from humanitarian agencies. Hunger to kill 128K more children over pandemic’s first year 2020-07-27T04:00:00Z But those remittances are likely to plunge by one-fifth this year, representing the most severe contraction in history. They Crossed Oceans to Lift Their Families Out of Poverty. Now, They Need Help. 2020-07-27T04:00:00Z The World Bank and United Nations estimate that remittances to Latin American countries will fall nearly 20% this year, but Mexico appears to be holding on. Emigrants send dollars home to Mexico — and virus warnings 2020-07-23T04:00:00Z The World Bank and United Nations estimate that remittances to Latin American countries will fall nearly 20% this year, but Mexico appears to be holding on. Emigrants send dollars home to Mexico — and virus warnings 2020-07-22T04:00:00Z But in other countries, such as the Philippines, Tajikistan and Brazil, remittances dropped by double digits. Coronavirus surprise: Remittances to Mexico rise during pandemic 2020-08-05T04:00:00Z The challenges remain vast as various streams of assistance, including remittances, falter. AP Exclusive: Aid from top donors drops even as need soars 2020-07-21T04:00:00Z “We are talking about a staggering number of people who are benefiting from these remittances,” said Dilip Ratha, lead economist on migration and remittances at the World Bank in Washington. They Crossed Oceans to Lift Their Families Out of Poverty. Now, They Need Help. 2020-07-27T04:00:00Z The measure reflects the reality on the communist-run island of social sectors with money and dollars to spend - such as entrepreneurs, relatives who receive remittances, employees of foreign companies, etc. - and those who do not. Cuba opens foreign currency-only shops, ends tax on dollar 2020-07-20T04:00:00Z Now, on top of sanctions, a cut in remittances from abroad and internal inefficiencies, Cuba is losing tourist revenues because of the coronavirus pandemic and its GDP growth is close to 0%. Cuba opens foreign currency-only shops, ends tax on dollar 2020-07-20T04:00:00Z That unevenness has made explaining the resilience of remittances in Mexico and Central America even more difficult. Coronavirus surprise: Remittances to Mexico rise during pandemic 2020-08-05T04:00:00Z Kuwait is also one of the top sources of foreign remittances for India. Why Kuwait's new expat bill has Indians worried 2020-07-15T04:00:00Z Households receiving remittances eat better, and are more likely to continue their children’s education rather than pressing them into the work force. They Crossed Oceans to Lift Their Families Out of Poverty. Now, They Need Help. 2020-07-27T04:00:00Z His family was building a house with the remittances he’d sent over the years, and it was nearly completed. Mexicans dying of Covid-19 in US face burial far from home and loved ones 2020-07-10T04:00:00Z The measure reflects the reality on the communist-run island of social sectors with money and dollars to spend – such as entrepreneurs, relatives who receive remittances, employees of foreign companies, etc. – and those who do not. Cuba opens foreign currency-only shops, ends tax on dollar 2020-07-20T04:00:00Z But as remittances remained high, and with little evidence of reverse migration, that appeared unlikely. Coronavirus surprise: Remittances to Mexico rise during pandemic 2020-08-05T04:00:00Z It collapsed when remittances and direct foreign investments plunged in recent years. Hottest commodity in Lebanon’s economic chaos: The US dollar 2020-07-08T04:00:00Z Around the globe, the pandemic has jeopardized a vital artery of finance supporting hundreds of millions of families — so-called remittances sent home from wealthy countries by migrant workers. They Crossed Oceans to Lift Their Families Out of Poverty. Now, They Need Help. 2020-07-27T04:00:00Z For years, millions of Lebanese abroad helped keep their native land afloat by sending remittances that once amounted to 12.5% of GDP. Lebanon’s plea to skeptical expats: Come visit, bring cash 2020-07-01T04:00:00Z If it continues on its current track, this escalation will pose huge challenges for migrant workers and their families, as quarantine rules restrict travel and surging unemployment cuts off remittance flows. Covid-19 is now a truly global health crisis – the solutions must be too | Adam Tooze 2020-06-30T04:00:00Z They debated another possibility: Mexican drug cartels were using remittances to launder money. Coronavirus surprise: Remittances to Mexico rise during pandemic 2020-08-05T04:00:00Z More than 56 percent of Nepal’s estimated 5.4 million households receive remittances that are a vital lifeline for families that have no other source of income, official figures show. Nepal families face hunger, skip meals as pandemic hits remittances 2020-06-30T04:00:00Z Diminishing remittances are both an outgrowth of the crisis gripping the world and a portent of more trouble ahead. They Crossed Oceans to Lift Their Families Out of Poverty. Now, They Need Help. 2020-07-27T04:00:00Z As poor migrants languish in unemployment or return home, the World Bank expects remittances to low- and- middle-income countries to decline by almost 20 percent this year — the largest decline on record. The virus that shut down the world 2020-06-27T04:00:00Z Their remittances are key for their families and economies back home, Tomei said, citing a report from the World Bank that a $100 billion drop in remittances was forecast by year-end. Migrant workers need support, jobs at home after pandemic disruption: ILO 2020-06-24T04:00:00Z “For some states in Mexico, the reliance on remittances is very significant.” Coronavirus surprise: Remittances to Mexico rise during pandemic 2020-08-05T04:00:00Z He said the 26,400 Mexican workers who contracted with farms in Canada last year sent home remittances of nearly $250 million. Migrant farmworkers die in Canada, and Mexico wants answers 2020-06-18T04:00:00Z Like the pandemic that has delivered it, the slide in remittances is global. They Crossed Oceans to Lift Their Families Out of Poverty. Now, They Need Help. 2020-07-27T04:00:00Z As a share of GDP in those nations, remittances this year are set to fall to their lowest level since 1999. The virus that shut down the world 2020-06-27T04:00:00Z |
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