Remittances jump to K54bn in 5 months - The Nation Online: Remittances jump to K54bn in 5 months
Orama Chiphwanya June 25, 2018 0 Comment
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Malawi has earned $73.48 million (about K54 billion) in personal remittances in five months from January and May this year, figures compiled by the Reserve Bank of Malawi (RBM) show.
The five-month figure is nearly double the $38 million (K27.7 billion) the country received last year through remittances, a feat RBM spokesperson Mbane Ngwira attributes to a number of initiatives instituted to increase remittances—money expatriates send to their country of origin via wire, mail or online transfer.
Orama Chiphwanya June 25, 2018 0 Comment
�
Malawi has earned $73.48 million (about K54 billion) in personal remittances in five months from January and May this year, figures compiled by the Reserve Bank of Malawi (RBM) show.
The five-month figure is nearly double the $38 million (K27.7 billion) the country received last year through remittances, a feat RBM spokesperson Mbane Ngwira attributes to a number of initiatives instituted to increase remittances—money expatriates send to their country of origin via wire, mail or online transfer.
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