Remittance flows

Vietnam: Remittances from abroad rise sharply in 2010

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Tuesday, 03 August 2010 12:18

Source: Viet Nam News

Many companies offering money-transfer services are expected to easily fulfill their business targets for this year since inward remittances have increased significantly over the past few months.

Industry observers say that the trend is likely to continue in the remaining months of the year.

Trinh Hoai Nam, deputy director of Dong A Money Transfer, said overseas remittances through his company reached US$600 million in the first seven months of the year, meeting 55 per cent of its annual target of $1.1 billion.

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Liberia’s Foreign Remittances, Trade Increase in First Quarter

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Tuesday, 06 July 2010 15:12

Source: Bloomberg Businessweek
By: Ansu Konneh

Liberia’s foreign remittance inflows rose $19.5 million to $234.8 million in the first quarter, compared with the last three months of 2009, the Central Bank of Liberia said in an e-mailed bulletin released Monday.

The West African nation recovering from 14 years of civil war that ended in 2003, reported foreign trade increased 13 percent to $162.7 million in the first quarter, from the fourth quarter of 2009.

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Bangladesh - Record remittance takes forex reserve to all time high

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Tuesday, 06 July 2010 14:52

Source: The Financial Express

Bangladeshis working abroad sent home a record US$11billion in the just concluded fiscal year, as remittance continued to rise despite declining trend of manpower export, officials said Monday.

Remittances sent by Bangladeshis working abroad reached $10.973 billion, a record in the country's history, in 2009-10, marking a 13.25 per cent growth over the previous fiscal.

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Remittances to Mexico Up 11.9% in May

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Sunday, 04 July 2010 08:27

Source: Latin American Herald Tribune

Remittances from Mexican emigrants totaled $2.13 billion in May, up 11.9 percent from the same month of 2009, the biggest year-on-year advance since October 2008 and ahead of analysts’ expectations, the Mexican central bank said.

Banks such as Ixe had forecast that the May figure would come in at around $1.97 billion.

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Foreigners, Remittances Help Boost Dollar Supply In Vietnam - Central Bank

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Tuesday, 29 June 2010 09:26

Source: Dow Jones Newswires
By: Nguyen Pham Muoi

Hefty inflows of foreign investment and the increased volume of monetary remittances from Vietnamese working overseas have boosted Vietnam's dollar supply so far this year, the central bank said Tuesday.

The stock market has drawn $350 million from foreign investors so far this year, the central bank said, without giving comparative figures.

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Kenyan Remittances Climbed to $52.7 Million in April

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Saturday, 19 June 2010 17:44

Source: Bloomberg
By Sarah McGregor

Kenyans living abroad sent home $52.7 million in April, an increase of 9.6 percent from a year earlier, after the economies of countries that contribute the bulk of remittances improved, the Central Bank of Kenya said.

Total inflows in the four months through April amounted to $196.5 million, little changed from $196.4 million a year earlier, the Nairobi-based bank said in a statement on its website late yesterday.

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