Unfortunately, Honduras is considered one of the poorest nations in the western hemisphere, and economic growth has certainly not increased in the last few years. In 2008, remittances to the area accounted for about 20 percent of the GDP, meaning that the nation depends greatly on people who transfer money to Honduras. This is not surprising given that about 30 percent of the workforce is out of work currently, and about one million others have...more
It is called the prepaid debit card, and allows you to add funds to an account whenever you need to so that your relatives can use it to purchase products or pay bills. Since Mexico is a popular tourist destination, you probably already know that most areas accept credit and debit cards, which means it may be the perfect choice for you.One of the main details to ask your relatives about is whether there are opportunities to use the card in their...more
Similarly, using a prepaid debit card is not always useful if they live in a town without ATMs or merchants that accept cards. For this reason, you should find out how prepaid debit cards are looked upon in the area before you transfer money to China using one.Fortunately for your relatives in China, using a prepaid debit card is a great option. There are many ATMs and merchants that do indeed accept debit cards. This is especially true if your relatives reside in a big city like Beijing or Shanghai, since there are hundreds of ATMs available. Of course, if they live in a smaller town, you should ask them how convenient a prepaid debit card would be for them. Most likely, your relatives will enjoy the flexibility that it brings them.In addition, the fees charged to your relatives will be low when you transfer money to China with a prepaid debit card. When they need to remove cash from the ATM, it will cost less than 10 renminbi. What is helpful is that they receive Chinese currency, called renminbi instead of U.S. dollars. This means that exchange rate fees can be completely avoided. The same is not usually said when using other methods to transfer money to China, such as...more
Though money transfers to most countries have grown throughout the years in general, the number of people who send money to Armenia has increased exponentially in the past decade. In 1995, a mere $65 million was sent to the area, and that number stayed about the same until about 2003. Most countries show a gradual increase in remittances, but...more
The general pattern of remittances to different countries in the last several years has been steady growth, followed by a slight decline in the most recent few years. This is likely a result of the economic downturn that most countries are experiencing. However, Peru has not shown the same trend. In fact, by the second quarter of 2009, remittances...more
Transfers to the area remained steadily low until about 1982, at which time the rate of remittances began increasing every year thereafter. In fact, since about that time, remittances have increased by about 19 percent every year, reducing poverty a little bit with every transfer. Between 2006 and 2008, the rate increased even more sharply than before, usually by about 27 percent per year. In 2007, that number was about $656 million. Clearly, you are not the only person looking to send money to Bangladesh to help out relatives. Additionally, when you send money to Bangladesh, you are helping more than just the relative that you have in mind at the time.Of course, not all remittances to this country are from the United States. Many are also from Middle Eastern countries, and are a result of immigrants from Bangladesh moving elsewhere to make more money. The area from which the remittances originate is not particularly important, but what is crucial is that they are expected to increase in the coming years since more people will likely move away in order to find work. This means that different methods to send money to Bangladesh will be more important than ever in the future.One of...more
While remittances to this area have certainly grown over the years, there has still not been the extreme growth witnessed in most other countries. In 2000, about $320 million was sent to the country, and 2001 saw a slight increase to $336 million. It...more
In many cases, if you are in South Korea and want to send money to another country, you will find that there are restrictions on how much you can send at once. The same is not true when it comes to the need to send money to South Korea from the...more
Many systems today claim to be the best teeth whitening system out on the market, but you will have to discover which one will be best for you in the process. Using the Internet to your advantage to receive this information by research of a few key...more
If you enjoy spending time with your pet and you like to exercise you might want to consider buying a pet jogging stroller. Although these are quite new you will be surprised how popular they have become. More and more people want to take their pets...more
Remittances are considered the main benefit of migration to other countries. Many families cannot do without the monetary support of their close relatives, so when a few of them move away, the relatives continue supporting them through frequent money...more
Mass Money Makers Bonus: Here's How To Find The Best Possible Bonus Every so often a new internet marketing product is launched on the scene. Sometimes they are awesome courses and sometimes they are not. Now today I want to talk to you...more