What are the possible reasons for increase/decrease in foreign remittances?

There can be a number of factors, there is no definitive list, but here are some points worthy of consideration: Seasonal activities (summer vacation, winter vacation) Seasonal festivities (think Christmas, Eid, etc.) Exchange Rate in Beneficiary Country. If the exchange rate is high, then more money flows, if less, people tend to hold back remittances […]

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