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Remittances, defined as monetary transfers made by migrants to their home countries, play a crucial role in global economies and the livelihoods of individuals and families. In some countries, remittances account for more than 30% of the total economic output.
The United States accounts for the largest portion of official remittances, followed by the United Kingdom, Italy, Canada, Spain and France. On the African continent, Egypt, Equatorial Guinea, Chad, Libya, and South Africa are important source countries of remittance flows to Nigeria, while China is the biggest remittance-sending country in Asia.
Kingdom of the Two Sicilies – Banco di Napoli, under different names from 1463 to final end of central banking role in 1926 [2] Grand Duchy of Tuscany – Banca di Firenze (1816–1893), renamed National Tuscan Bank from 1857 Soviet Union – People's Bank (1917–1922) and Gosbank (1922–1991)
Mexico is the third largest remittance receiving country in the world, with a total of $25.7 billion received in 2015. [3] The vast majority of these remittances come from the U.S. In all, only $500 million of the $25.7 billion in remittances came from sources other than the United States. [3]
Remittances from women migrant workers are more likely to be used for “health, education, family and community development”, while men's remittances tend to be used for investments. [8] In developing countries such as Nepal, the majority of remittances made by women migrant workers go towards poverty reduction at the household level.
List of countries by remittances received; List of countries by social welfare spending; List of countries by stock market capitalization; List of countries by share of income of the richest one percent; List of countries by share of population with access to financial services; List of countries by wealth per adult; List of countries without a ...
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List of banks in Cambodia; List of banks in Cameroon; List of banks and credit unions in Canada; List of banks in Cape Verde; List of banks in the Central African Republic; List of banks in Chad; List of banks in Chile; List of banks in China; List of banks in Colombia; List of banks in the Comoros; List of banks in the Democratic Republic of ...