What the heck are… remittances?

Our weekly series What The Heck Is… exists to shed light on the strange unexplained acronyms and unfamiliar buzzwords that creep into our everyday lives.

From phubbing to helicopter money, we’re on a mission to explain the difficult to explain.

Now, in honour of Future Finance month, we’re exploring the financial phrases that might baffle your brain.

What the heck are remittances?

The first thing you should know is that remittances are big business, worth an estimated $600bn...

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