The rising dollar also affects remittances

Image: Expreso

The World Bank anticipates that the global diaspora will exceed 250 million people by the end of 2015. This will generate collective remittances totaling 601,000 million (554,000 million euros), an increase of almost 2% compared to the previous year. The main destination of this money are developing countries. Spain ranks among the top ten destination countries for migrants and their presence generated 8,825 million in remittances sent abroad last year.

Regarding the flow of remittances, World Bank data clearly shows the effect of the crisis in the money sent by immigrants to their countries of origin. Although a slight increase compared to $ 8,772 million recorded in 2013 is observed, this volume of money generated by immigration that goes abroad remains far from $ 14,022 million recorded in 2008.

 
Source: http://expreso.ec/expreso/plantillas/nota.aspx?idart=8788900&idcat=38269&tipo=2