Money transfers from workers abroad to family back domestic acquire tripled in a decade and are three times larger than global aid budgets
• Remittances: how much money do migrants send domestic? – interactiveFor decades it was a largely unnoticed feature of the global economy,a blip of a statistic that hinted at the tendency of expatriates to send a little pocket money back to families in their domestic countries.
But now, the flow of migrant money around the world has shot up to record levels as more people than ever cross borders to live and work abroad. It's known as remittance money, and in 2012 it topped $530bn (£335bn),according to the latest World Bank figures.
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Source: theguardian.com