Agriculture came in better and remittances continued to be good. These two factors reduced the impact of higher oil prices on spending.
Joey Cuyegkeng
11 quotes about remittances follow in order of popularity. Be sure to bookmark and share your favorites!
I would venture to say that if you want to buy dollars, they would be cheapest here because of the volume of remittances.
Ferdinand E. Marcos
Huge remittances could cause huge appreciation to the currencies. We need to ask ourselves, how do we measure the remittances, what effects do they have on social programs.
Dilip Ratha
The driving force is that you have a current account surplus supported by overseas worker remittances.
Ray Farris
Remittances are hard-earned income that, in most cases, has already been taxed.
Francois Bourguignon
The over-regulation of banking sector can be avoided because they affect the entry into the market of poor migrant workers. The remittances give a lifeline to people in poor countries.
Dilip Ratha
The fears over money laundering and terrorist financing are an over-reaction to an otherwise smaller problem affecting the lives of very poor people. These regulations governing remittances can be avoided.
Dilip Ratha
Foreign workers' remittances boosted local manufacturers.
Dennis Arroyo
The remittances are for the early graduation expenses.
Marcelo Ayes
The problem is that remittances [from the U.S.] have made Salvadorans comfortable and they don't want to work cutting cane.
Italo Escrich
The strong remittances and additional government spending this year should help mitigate the adverse impact of additional taxes and high oil prices on consumer spending.
Jonathan Ravelas
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