In 2015 Australia saw an outflow of remittances of US$16 billion, while it received around US$2 billion. Globally remittances totalled $582 billion according to World Bank figures. The largest source of remittances is probably not unexpectedly the United States which saw over US$133 billion leave the country.
The Reserve Bank has revealed the design of the new $10 banknote that will be issued into circulation from September 2017. The images show the basic design artwork on each side of the banknote. The Governor, Philip Lowe, said:‘The $10 banknote celebrates two famous Australian writers, Dame Mary Gilmore
Remittances in 2015 totaled an estimated $582 billion according to World Bank figures. These cross-border payments make a huge impact in the countries that receive them. World Bank figures show that in 2015, remittances to Egypt were worth four times as much as revenues from the Suez Canal. In Nepal
Every day around $5 trillion is traded in foreign exchange. While much of it is speculation (trading for the sake of making a profit), foreign currency transfers are essential to enabling global trade. There are many factors driving foreign currency values. Fundamentally it is about the demand and supply of
Welcome to Big Bank FX money transfers. Learn about the ugly truth when sending money overseas. With Flash FX there is now another way. As one the latest entries into the currency transfer business Flash Payments, a cutting edge FinTech start-up based in Sydney Australia, is engineered from the ground
Foreign exchange transfers is big business. Roughly 250 million expats and migrants sent more than US$600 billion in remittances across the world last year according to the World Bank. In the United Kingdom alone, the export-earnings of small to medium sized businesses generated an extraordinary AU$6.4 billion