Remittances

On April 5th, it was reported that when Americans use traditional financial systems to send money to their families and friends overseas, they incur an annual remittance fee of ove

It is reported that the Federal Reserve issued its audited financial report for 2022. The financial report shows that remittances to the Ministry of Finance will reach $76 billion in 2022 and $109 billion in 2021. Interpretation of this information: The recent financial report issued by the Federal Reserve has indicated that the remittances to the Ministry of Finance is set to exhibit a significant increase in 2022. As per the report, the remittances for the mentioned period are estimated to reach $76 billion, which is notably higher than what…