🌐 ₹111 Billion and Counting: India Leads the Remittance Race 📰 Huge news for India! We're officially the world's top recipient of remittances, breaking the $100 billion barrier for the first time in 2022. This achievement is a powerful tribute to the tireless efforts of the Indian diaspora around the globe. ➡ Here's a deeper look: Leading the Pack: India boasts the largest population of international migrants (almost 18 million!), with significant communities in the UAE, US, and Saudi Arabia. These communities are a major driver of remittance flows. Top Sources: The US and Saudi Arabia top the list of countries sending remittances to India, highlighting the concentration of the Indian diaspora in these regions. Global Impact: This isn't just an Indian story. Mexico follows closely as the second-largest recipient country, showcasing the interconnectedness of global remittance flows. Shifting Landscape: China's inward remittance dropped to third due to demographic changes and their zero-Covid policy, demonstrating how economic and policy factors can influence remittance levels. 🌍 Overall, India's position as the leader in global remittances is a reflection of its vast and growing diaspora. The US and Saudi Arabia play a particularly important role. What are your thoughts on this trend? How can we leverage remittances for further development? FIMCA India Gershom Matthew India Migration Now Alijan Rajan Amit Saxena Shailendra Nigam Ashit Mehta Varun Khosla #India #Remittances #GlobalIndians #FIMCA
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اسلام آباد: پاکستان نے عالمی مالیاتی فنڈ (آئی ایم ایف) کے ساتھ 3 سالہ نئے قرض پروگرام کے لیے باضابطہ مذاکرات شروع کردیے۔ وزارت خزانہ کی جانب سے جاری ماہانہ رپورٹ میں بتایا گیا ہے کہ آئی ایم ایف کے ساتھ 3 سالہ نئے قرض پروگرام کیلئے باقاعدہ مذاکرات شروع کردیے ہیں، آئی ایم ایف قرض پروگرام مستحکم پالیسی کے لیے انتہائی اہم ہے کیونکہ قرض پروگرام سے بیرونی سیکٹر مستحکم ہوگا اور پاکستان میں سرمایہ کاری بڑھے گی۔ رپورٹ کے مطابق رواں مالی سال ترسیلات زر، برآمدات، براہ راست غیرملکی سرمایہ کاری، زرمبادلہ کے ذخائر، ایف بی آر محصولات اور نان ٹیکس آمدنی میں اضافہ ہوا ہے، 10 ماہ میں ایف بی آر محصولات میں 30.6 فیصد کا اضافہ ہوا اور رواں مالی سال نان ٹیکس آمدنی میں 94.8 فیصد کا اضافہ ریکارڈ ہوا جب کہ رواں مالی سال روپےکی قدر میں بہتری آئی اور مہنگائی میں کمی ہوئی، مئی میں مہنگائی کی شرح 13.5 سے 14.5 فیصد تک رہنے کا امکان ہے۔ رپورٹ میں بتایا گیا ہےکہ ترسیلات زر میں گزشتہ مالی سال کے مقابلے میں 3.5 فیصد اضافہ ریکارڈ کیا گیا، برآمدات میں گزشتہ مالی سال کے مقابلے میں 10.6 فیصد اضافہ ہوا اور رواں مالی سال درآمدات میں 5.3 فیصد کی کمی ہوئی۔ رپورٹ کے مطابق بیرونی سرمایہ کاری میں 10 ماہ میں 93.1 فیصد اور زرمبادلہ ذخائر میں 10 ماہ میں 5 ارب ڈالر تک کا اضافہ ہوا جب کہ ایک سال میں روپے کی قدر میں 9 روپے تک اضافہ ہوا۔ رپورٹ میں مزید بتایا گیا ہےکہ رواں مالی سال مالی خسارے میں 26.8 فیصد کا اضافہ ہوا جب کہ مہنگائی 28.2 فیصد سے کم ہوکر 26 فیصد پر آگئی۔ #Islamabad #Pakistan #IMF #LoanProgram #Economy #Finance #Negotiations #ForeignInvestment #EconomicPolicy #FinancialStability #Growth #ExchangeRate #Inflation #Remittances #Exports #ForeignExchangeReserves #IMFLoan #IMFProgram #PakistaniRupee #IMFNegotiations #FinancialReport #EconomicGrowth #Investment
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Berikut adalah update kurs saat ini Nilai kurs dapat berubah sewaktu-waktu mengikuti market. Monitor kurs terbaru dari JRF Wallet app atau halaman https://www.jpremit.com/today-rates ----------------------------------------------- 🇮🇩JRF Wallet + Red Card🇮🇩 Rasakan kemudahan transaksi dalam genggaman anda! 🤳 Memperkenalkan aplikasi JRF Wallet dari Japan Remit Finance sangat aman, cepat, tidak pakai ribet! 🤔Apa keuntungannya? ✅ Gratis biaya kirim ke Indonesia untuk transaksi pertama ✅ Instal aplikasi JRF Wallet, login lewat ponsel dan lakukan sendiri transaksi anda ✅ Uang sampai ke rekening Indonesia kurang dari 10 menit ✅ Tambah data penerima hingga 15 rekening (mohon kontak CS apabila ingin di verifikasi rekening penerima dengan cepat) ✅ Check status transaksi maupun jumlah saldo lewat akun anda ✅ Check kurs harian ✅ Check dan cetak rekapan pengiriman ✅ Biaya kirim yang sangat murah ✅ Kurs yang tinggi dan stabil ✅ Dapat mengirim ke hampir semua Bank di Indonesia 🤩⭐ DAN YANG TIDAK KALAH PENTING ⭐🤩 Dapat kan 555 Point setiap kamu mengenalkan teman yang registrasi dengan menggunakan Kode Referensi kamu (555 Poin = 555 YEN dan akan lengsung masuk ke saldo JRF Wallet) ⬇ Download sekarang juga⬇ 📱IOS : https://apps.apple.com/us/app/jrf-wallet/id1479903191 📱Android : https://play.google.com/store/apps/details?id=com.inficare.iremit.jrf Dapatkan GRATIS biaya kirim untuk transaksi pertama kali menggunakan JRF Black Card dan Red Card yang bernilai hingga 3900 YEN. ----------------------------------------------- #kirimuangdarijepang #kirimuangkeindonesia #kirimuang #remittances #remittanceservices #jasakirimuangkeindonesia #jasakirimuangdarijepang #carakirimuangkeindonesia #jrfindonesia
🌟 Nepal's Economic Recovery 2024 🌟 Nepal is making a strong comeback! Here are the key highlights: 📈 Economic Growth: GDP projected to grow by 3.3% (up from 1.9%) Inflation expected to drop to 6.2% (from 7.7%) 🔍 Sectoral Performance: Expansion in services: real estate, retail, and food services Agriculture faces challenges despite increased paddy production 🌐 External Sector: Remittances up 21.6%, boosting foreign reserves Notable 338.8% increase in exports to China 💰 Fiscal Position: Fiscal deficit down to 0.4% of GDP Government revenue up 10.2% 🏗️ Infrastructure & Investment: Significant investments in hydroelectric projects ⚠️ Challenges: Regional price increases and inflation Need for economic diversification Stay tuned for more insights! 🌐📊 #nepaleconomy #economicrecovery #nepaliwatch #economicrecovery #nepal2024 #gdpgrowth #inflationcontrol #SectoralPerformance #Remittances #foreigntrade #fiscalhealth #InfrastructureInvestment #HydroelectricPower #EconomicDiversification #NepalNews #AIInsights #NepalAIWatch #NepalDevelopment #NepalGrowth #InvestmentNepal #NepalFinance
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CBG: Private Remittances Remain the Largest Source of Foreign Currency Supply reports Yusef Taylor at Gainako Online Newspaper The Central Bank of The Gambia announced that Private Remittances continues to be the largest source of Foreign Exchange on Thursday 23rd May 2024. According to Central Bank of The Gambia Governor Buah Saidy, "private remittances remain the largest source of foreign currency supply, with a total inflow of US$203.7 million in the first quarter of 2024. This represents a 12.4% increase from the previous quarter". #Diaspora #Remittances #TheGambia #ForeignExchange
Remittances Via Roshan Digital Account Exceed $8 Billion, SBP Reports The inflow of remittances through the Roshan Digital Account (RDA) from overseas Pakistanis has surpassed $8 billion, according to a report by the State Bank of Pakistan (SBP) released on Friday. The SBP data highlights the substantial growth of the RDA initiative, launched in mid-2020, with the number of account holders now exceeding 700,000. This milestone underscores the increasing confidence and engagement of the Pakistani diaspora in the country’s financial ecosystem. Despite a six percent decrease from the $18.20 billion sent in March, remittances through the Roshan Digital Account remained robust in April, totaling $17.10 billion. The total number of accounts opened reached 689,650 by the end of April, with 9,858 new accounts added during the month. Since its inception in September 2020, the RDA has received a total of $1.58 billion in remittances, with $4.92 billion utilized locally. The Roshan Digital Account, introduced by the State Bank, aims to facilitate overseas Pakistanis in sending remittances and investing in Pakistan, reflecting the government’s efforts to enhance financial inclusion and leverage the potential of remittances for economic development. For Detail https://thetruthinternational.com/economy/remittances-via-roshan-digital-account-exceed-8-billion-sbp-reports/ #remittances #roshan #digital #exceed #SBP #billion #report #tti #thetruthinternational #ttimagazine
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🌟 IOM Belgium and Luxembourg successfully carried out 3 free workshop sessions on remittances and financial inclusion! 💸 Participants learned: 🔹 How to choose the best method to remit according to their needs 🔹 How to compare the costs of remitting 🔹 How to efficiently plan their budget ❗️ Feel like you missed out? You're in luck! The workshop is now available online. Write to us at [email protected] to access the session. 📢 You want to know even more about remittances? Join us at our 2024 National Remittance Summit. Register via the link in bio! ℹ️ O-REMIT is a project funded by the Belgian government and implemented by IOM Belgium and Luxembourg and @zidicircle, @ovo.be, National Bank of Belgium and diaspora organizations. #FinancialInclusion #Remittances #BudgetPlanning
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Pakistan's Liquid Foreign Reserves #pakistan #pakistaneconomy #pakistanstockexchange #kse100 #psx #stockmarket #emergingmarkets #frontiermarkets #roshandigitalaccount #stockbroker #insightsec #foreigninvestment #remittances #currentaccount #currentaccountdeficit #sbp #inflation #Dollarprice
💙 Thank you for sharing your Remitly experience!
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Join Yomi Akinyemi, Partner, Analytics & Operations, KPMG Nigeria, as he join the panellist discussion at the 2024 Regtech Africa Conference & Awards today, 23 May 2024, at 1:10 p.m. (WAT). He will shed extensive light on the topic, "E-commerce & Cross-border Trade: Bridging the Data Trust Gap for Intra-Africa E-commerce, Remittances & Cross-border Trade", and examine winning solutions for smoother transactions and enhanced economic integration within Africa. This event is strictly by invitation. #KPMG #Ecommerce #CrossBorderTrade #Remittances
Dubai Islamic Bank Pakistan and LuLu Exchange have entered into a strategic partnership aimed at boosting remittances from the United Arab Emirates (UAE) to #Pakistan. This collaboration is set to enhance financial services and facilitate smoother cross-border transactions for customers. Read more: https://lnkd.in/daK59yEv #DubaiIslamicBankPakistan #DIBP #luluexchange #partnership #crossborderpayments #remittances #Digitalpayments #Fintech #fintechnewspakistan
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🌍💸 CBN Links FX Volatility to Seasonal Demands, Eyes Double Foreign Inflows! 💸🌍 CBN Governor, Olayemi Cardoso, spills the tea on the foreign exchange rollercoaster, attributing the volatility to “seasonal demands.” Despite the naira’s wild ride from N700/$1 to N1,900/$1 and back to N1,600/$1, Cardoso assures us there's light at the end of the tunnel. 🌟 The recent Monetary Policy Committee (MPC) meeting saw interest rates bumped up from 24.75% to 26.25%. The good news? There’s been a slight increase in Nigeria’s external reserves and plans to double foreign remittance flows this year! 💪 Plus, with 14 new International Money Transfer Operators (IMTOs) approved, we’re set to see lower transaction costs and more remittances through official channels. 📈✨ Cardoso emphasizes the importance of tighter regulation and tech to keep things steady. The CBN's got the tools, and they’re working! 🛠️ Stay tuned for more updates on Nigeria’s economic journey! 🇳🇬💼 Like❣️ Comment📝 Share📤 . . . . . . #NairaWatch #CBNUpdates #ForexNews #NigeriaEconomy #FinancialNews #GlobalFinance #MoneyMatters #EconomicGrowth #CBN #Forex #FXVolatility #Remittances
📊🌍 CBN's 294th MPC Meeting Overview! 🌍📊 The Central Bank of Nigeria (CBN) just wrapped up its 294th Monetary Policy Committee (MPC) meeting at their HQ in Abuja. From banking stability to inflation and interest rates, here's the lowdown: 🔑 Key Points: Banking System Stability: Nigeria’s banking system is safe, sound, and solid! Recapitalization is on point, with strong regulatory oversight keeping things steady. Inflation & Economic Growth: Inflation hit 33.69% in March but eased in April. Real GDP grew by 3.46% in Q4 2023, thanks to the oil and non-oil sectors. 📈 Monetary Policy Moves: The MPC decided to keep tightening policy to leverage the gains of previous rate hikes. 🌐 Global & Domestic Outlook: Global Growth: Projected at 3.2% for 2024-2025 by the IMF. Nigeria’s Growth: Revised up to 3.3% for 2024. Challenges: Tight financial conditions and geopolitical tensions, but global inflation is expected to decelerate. 📣 Press Q&A Highlights: Investor Confidence: It's strong, with ongoing dialogue boosting confidence. Inflation & Small Businesses: Inflation is decelerating; measures are in place to keep it in check. Bank Recapitalization: Strengthening banks to absorb shocks. Updates soon! Cyber Security Levy: Withdrawn following federal amendments. Remittances: Engaging with IMTOs to double remittances, lower costs, and boost competition. Fintech Regulation: Strengthening regulations to ensure compliance and stability. 📝The CBN's 294th MPC meeting underscored efforts to stabilize Nigeria's economy amidst challenges, ensuring strong growth, stability, and investor confidence. . . . . . . . . . #Nigeria #CBN #EconomicUpdate #MonetaryPolicy #BankingStability #InflationControl #Fintech #Remittances #GlobalEconomy #MPCMeeting #InvestorConfidence #EconomicGrowth
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Quellen: Kainz, Lena/ Betts, Alexander (2021): Power and proliferation: Explaining the fragmentation of the global migration governance, in Migration studies Vol. 9 (1), S 65-89, Oxford University Press United Nations: Special Rapporteur on the human rights of migrants, https://www.ohchr.org/en/special-procedures/sr-migrants [10.05.2024] Bildquellen: https://www.ohchr.org/en/special-procedures/sr-migrants/mr-gehad-madi [17.05.2024] Hintergrundbild Ki gneriert durch Lexica #MigrationStudies #producingmigration #Migrationsforschung #WorldMigrationReport #WMR2024 #migration #IOM #internaldisplacement #GenMic #research #refugees #remittances #displacement #exile #MigrationResearch #Zwangsmigranten #Migrationsmanagement #heindehaas #MIGNEX #IMRF #IFMStats # #unileipzig #leipzigstudieren #sommersemester2024
Die Homepage der IOM bei Interesse: https://www.iom.int/ [Access 15.05.2024] Quellen: Geiger, Martin, and Martin Koch. 2021. “Die Internationale Organisation für Migration und ihre Rolle im Globalen Migrationspakt.” bpb.de. November 25, 2021. https://www.bpb.de/themen/migration-integration/kurzdossiers/343896/die-internationale-organisation-fuer-migration-und-ihre-rolle-im-globalen-migrationspakt/. [Access 13.05.2024] Hassan, Farida, and Martin Geiger. 2016. “Die Rolle der Internationalen Organisation für Migration in der globalen Migrationspolitik.” bpb.de. June 17, 2016. https://www.bpb.de/themen/migration-integration/kurzdossiers/229615/die-rolle-der-internationalen-organisation-fuer-migration-in-der-globalen-migrationspolitik/. [Access 13.05.2024] Kainz, Lena, and Alexander Betts. 2021. "Power and proliferation: Explaining the fragmentation of global migration governance."_Migration Studies_, 9 (1), 65–89 #MigrationStudies #producingmigration #Migrationsforschung #WorldMigrationReport #WMR2024 #migration #IOM #internaldisplacement #GenMic #research #refugees #remittances #displacement #exile #MigrationResearch #Zwangsmigranten #Migrationsmanagement #heindehaas #MIGNEX #IMRF #IFMStats # #unileipzig #leipzigstudieren #sommersemester2024
Text-Quellen: Bundesamt für Migration und Flüchtlinge, Schutzformen, zuletzt aufgerufen am 05.05.2024 unter https://www.bamf.de/DE/Themen/AsylFluechtlingsschutz/AblaufAsylverfahrens/Schutzformen/schutzformen-node.html. Bundesamt für Migration und Flüchtlinge, Das Bundesamt in Zahlen 2023: Asyl, zuletzt aufgerufen am 05.05.2024 unter https://www.bamf.de/SharedDocs/Anlagen/DE/Statistik/BundesamtinZahlen/bundesamt-in-zahlen-2023-asyl.html?view=renderPdfViewer&nn=284738 (S. 49). Bild-Quelle: KI-generiert #MigrationStudies #producingmigration #Migrationsforschung #WorldMigrationReport #WMR2024 #migration #IOM #internaldisplacement #GenMic #research #refugees #remittances #displacement #exile #MigrationResearch #Zwangsmigranten #Migrationsmanagement #heindehaas #MIGNEX #IMRF #IFMStats # #unileipzig #leipzigstudieren #sommersemester2024
Textquelle: United Nations: Der UN-Migrationspakt - eine historische Errungenschaft https://unric.org/de/migrationspakt/ (12.05.24) Bildquellen: https://www.vecteezy.com/vector-art/546186-handshake-vector- illustration (Zugriff: 12.05.24) https://www.tapeten.com/media/catalog/product/cache/871f459736130 e239a3f5e6472128962/w/0/w02757-small.jpg (Zugriff: 12.05.24) #MigrationStudies #producingmigration #Migrationsforschung #WorldMigrationReport #WMR2024 #migration #IOM #internaldisplacement #GenMic #research #refugees #remittances #displacement #exile #MigrationResearch #Zwangsmigranten #Migrationsmanagement #heindehaas #MIGNEX #IMRF #IFMStats # #unileipzig #leipzigstudieren #sommersemester2024
Zero Fee” for Pakistan sends to Account Deposits and Mobile Wallets for three corridors (UAE, UK, PHL) #familylove #supportingmylovedones #onlinetransferrs #moneytransfer #familysupport #Remittances #SecureTransactions #digitalpayments #convenientbanking #stayconnected #financialservices #SendMoneyHome #currencyexchange #bestrates #foreignexchangetrading
His Excellency Jose Cabrera, the Ambassador of the Philippines to Kuwait, commended the strong bilateral relations between the two countries. He emphasized that the ongoing discussions on employment issues will alleviate concerns and improve mutual understanding and trust. He thanked the Ministry of Foreign Affairs for its close cooperation, assistance, and support in strengthening friendship and advancing the partnership between the Philippines and Kuwait. Read the full story on: https://timeskuwait.com/filipinos-in-kuwait-send-585-million-in-2023-remittances/ #PhilippinesKuwaitRelations #JoseCabrera #Diplomacy #BilateralRelations #EmploymentIssues #Remittances #EconomicCooperation #ClimateAction #DiplomaticRelations #PhilippineEmbassy #KuwaitDiplomacy @phinkuwait
🎁🌧PROMO HUJAN🌧🎁 Promo Hadiah Undian Jrf tiAp bulaN Periode 1-31 Mei 2024 Selamat kepada pemenang Promo Ramadan 2024, hadiah POINT akan langsung dikirim langsung melalui Aplikasi JRF Wallet.🥳 Berikut ini adalah Promo HUJAN untuk periode bulan Mei 2024 🥳 ✅Caranya!? Cukup lalukan pengiriman ke Indonesia dengan JRF maka kamu sudah memiliki kesempatan untuk memenangkan hariah berupa 🔊 1 buah Bluetooth Speaker Pengumuman pemenang akan diumumkan pada tanggal 10 dibulan selanjutnya 🤩🎉 ✨MAKIN BANYAK KIRIM MAKIN BESAR KESEMPATAN UNTUK MEMENANGKAN HADIAH~🤗✨ Yuk jangan lupa kirim dengan JRF 🥰 . . . #promojrf #promoberhadiah #promoundian #jrfindonesia #kirimuangdarijepang #kirimuangkeindonesia #kirimuang #remittances #remittanceservices #jasakirimuangkeindonesia #jasakirimuangdarijepang #carakirimuangkeindonesia
For many, #remittances serve as more than just financial transfers from one household to another. Also known as #ImmigrantTax or #BlackTax amongst certain groups, they can act as lifelines that provide essential relief to recipients. We're taking a glimpse into this common practice among #diaspora communities during World Day for Cultural Diversity. 🌐❤️ For many, like Maria, a first-generation Filipino #immigrant in Australia, remittances are a deeply personal and important responsibility: "I send money back to the Philippines regularly to help my parents with medicine payments and bills. Their pension isn't enough to sustain them. Helping my family is a big part of who I am, and I know I am in a better position to do so. It's important to me, but I know everyone has their own reasons for doing it or not." While remittances provide vital financial support and help maintain cultural connections, they also come with challenges. The responsibility of sending money can lead to financial strain on senders, and reliance on remittances can sometimes create dependency. Unchecked, unhealthy approaches to remittances can even cross financial and personal boundaries. The dynamics, especially across generations, can be incredibly complex and multifaceted. 💸🤔 So, let's take a moment to think about how we stay connected across continents and the challenges that come with it. While remittances are crucial for supporting distant loved ones, they also bring issues we need to tackle together. 🌍🤝 Deep dive into important diverse conversations in our #PennyCommunity: www.urpenny.com 🏷️ #WorldDiversityDay #RemittanceImpact #CulturalDiversity #GlobalCommunity #EconomicEmpowerment #CelebrateDiversity
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