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Remittances in Somalia
10/23/2013 10:39:27
Unique ID
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Headline
Remittances in Somalia
Caption Description
A customer speaks to a shopkeeper in Mogadishu, Somalia.
This week Somalia awaits a decision by the United Kingdom-based Barclays Bank on whether it will close the accounts of several of the country’s local money-transfer services. These services are vital for supplying what are known as “remittances” – funds sent from friends and relatives living abroad and on which many Somalis rely for everyday expenses. The UN Development Programme (UNDP) estimates $1.6 billion in remittances is sent back annually by Somali emigrants in North America and Europe.
Unique Identifier
UN7288159
NICA ID
568022
Production Date
10/23/2013 10:48:34 AM
City/Location
Mogadishu
Country
Somalia
Credit
UN Photo/Stuart Price
File size
2.65 MB