Google 
Facebook 
Twitter 
Myspace 
Linkedin 
Yahoo 
Digg 
del.icio.us 
Win. Live 
Blogger 
Technorati 
RSS feed
State Bank of Pakistan Remittance data (Nov. 2011)US: New international money transfer rules clear cut
Monday, 23 January 2012 16:29
Source: Houston Chronicle (from AP)
Customers who send international money transfers will soon be entitled to clearer cost disclosures.
The Consumer Financial Protection Bureau last week issued new rules governing remittances, which are often used by immigrants to send money to family back home.
The rules also require companies to disclose any fees, the exchange rate and the amount that will ultimately be paid out to the recipient in local currency. Companies will also be required to investigate disputes and to give customers at least 30 minutes to cancel a transaction.Read more: US: New international money transfer rules clear cut
Pakistan: Remittances rise to $6.3bn in July-Dec
Tuesday, 17 January 2012 09:59
Source: Dawn.comby: Shahid Iqbal
The State Bank of Pakistan (SBP) reported on Tuesday that overseas Pakistanis sent $6.325 billion during the first half (July-December), showing an increase of 19.54 per cent compared to the same period in the previous year.
The inflow has raised hopes for easing of the current account deficit and would serve as a cushion for foreign exchange reserves.
The SBP reported that Pakistan received 25 per cent more remittances in December as compared to last month of the previous calendar year.
Philippines: Remittances up 10.6% to $1.78b
Tuesday, 17 January 2012 09:46
Source: Manila Standard Todayby: Roderick T. dela Cruz
The Money sent home by Filipinos abroad rose 10 percent to a record $1.78 billion in November 2011, fueling household spending that made up for the government’s lackluster spending to support economic growth.
“This monthly level of remittances is the highest on record thus far,” Bangko Sentral Governor Amando Tetangco Jr said.
The November figure was up 10.6 percent from $1.67 billion in November 2010, and it brought the total remittances in the year through November 2011 to $18.3 billion, up 7.3 percent from the year before. The figure is in line with the central bank’s growth forecast of 7 percent for the whole of 2011.
[See Philippines country profile]Remittances to Mexico are rebounding
Tuesday, 17 January 2012 09:19
Source: Chicago TribuneBy: Ricardo Lopez [super] This e-mail address is being protected from spambots. You need JavaScript enabled to view it [/super]
Mexican immigrants living in the U.S. sent an estimated 8% more money back to relatives last year compared with 2010, thanks to an improving U.S. job market.
Ending a three-year slump, remittances to Mexico are finally on the upswing, thanks to an improving U.S. job market.
Analysts expect that money sent home last year by Mexicans living abroad, most of them residing in the United States, will top $23 billion when Mexico's central bank releases annual figures this month. Although still below the peak of $26 billion in 2007, that would be a solid 8 percent increase over 2010.