Thursday, March 29, 2012

Recovery of remittances

Remittances are on the rebound, and have recovered to nearly their pre-crisis levels. But they are below the levels suggested by their past trend. Russia is much of the source of these flows. Similar pattern should be observed for neighboring countries and others in the region.
For data on remittances for all countries in the world and for the years 1970 forward, see here.

Net non-commercial money transfers of individuals through commercial banks (USD millions)

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