Definition of "remittances" []

• Plural form of remittance. (noun)

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• "While this is not very good news, the 18% decrease in remittances is made up for with the more than 18% increase in the value of the US dollar."
• "It has seen its oil price more than halved at a time of declining production, just as Mexican immigrants are sending home dramatically reduced remittances from the US (if not packing their bags and returning home due to lack of work or tightened persecution)."
• "In 2005, the World Bank stated that Mexico was receiving $18.1 billion in remittances and that it ranked third (behind only India and China) among the countries receiving the greatest amount of remittances."