Ask Question - Get Answer

1 Ans Why remittance money is reduced?

Asked by Birds of the sky (2 Golds) Tuesday, 05 Nov 2019, 11:51 AM at (Miscellaneous Credit)

Please log in to answer, like and save
0
Save 0

<<< Previous
Log in to Answer Next >>>

Answer(s):

An woman works abroad and sends money to home. She sends $200 in a month. But her family gets only $186. So $16 USD is deducted as sending cost. 

A statistics shows that about 70 thousands crores USD is transferred by foreign workers. But about 3 thousands crores USD is deducted by various banks.

The banks said, they are giving service to rural people. Cash money transferring is expensive, so they reduce risks.

The lost money is about 7%. UN wants to lessen it to 3% by 2030 AD.

A video related to this has been published by BBC. Link:

https://www.bbc.com/bengali/news-50269457 

  

Answered by Birds of the sky (2 Golds) Tuesday, 05 Nov 2019, 11:56 AM

Please log in to Upvote, Downvote and Report
           

Related Q/A:

1 Ans Why remittance money is reduced?