216,311 views
3 votes
3 votes
What are remittances?

User Shivansh Potdar
by
3.1k points

2 Answers

22 votes
22 votes

Answer:

Money sent back home to the family of the guest worker

Step-by-step explanation:

User Peter Paul Kiefer
by
3.2k points
23 votes
23 votes

Answer:

A remittance is a non-commercial transfer of money by a foreign worker, a member of a diaspora community, or a citizen with familial ties abroad, for household income in their home country or homeland.

User Maggu
by
2.8k points