Remittance

(redirected from Remittances)
Also found in: Dictionary, Thesaurus, Medical, Legal, Encyclopedia, Wikipedia.

Remittance

1. See: Remit.

2. See: Migrants' remittance.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
References in periodicals archive ?
According to the Bangko Sentral ng Pilipinas, personal remittances from overseas Filipino workers in June alone dropped by 2.9 percent to $2.3 billion in 2019 from $2.4 billion in the same month in 2018.
The Bangko Sentral ng Pilipinas (BSP) on Thursday reported cash remittances to have reached $2.29 billion in June 2019.
'We have a trend according to which the country receives comparatively higher remittances before festivals,' he said.
For the first five months, Diokno said personal remittances composed of cash and non-cash items that flow through both formal or via electronic wire and informal channels such as money or goods carried across borders rose by 4.
These cash remittances, according to BSP Governor Benjamin E.
With this, India has retained its top spot on remittances, according to the latest edition of the World Bank's Migration and Development Brief.
Remittances generate a positive effect on economy through various channels such as savings investment, growth consumption, and poverty and income distribution.
The bank added that "regionally, growth in remittance inflows ranged from almost seven percent in East Asia and the Pacific to 12 percent in South Asia" "The overall increase was driven by a stronger economy and employment situation in the US and a rebound in outward flows from some GCC countries and the Russian Federation.
Giving briefing about present status of remittances of overseas Pakistanis, State Bank of Pakistan (SBP)governor Tariq Bajwa said during the first six month of the current fiscal year 12.
We use the household surveys to quantify the relationship between receiving remittances and being out of school at the level of individual children and find that children are 40% less likely to be out of school if they are in households which receive remittances.
Remittances to the Middle East and North Africa region are projected to grow by 9.1 per cent to US$59bn in 2018, following six per cent growth in 2017.