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Venezuela: Remittances as a Source of Foreign Exchange and Economic Survival
Rafael Urdaneta Rojas / Pixabay / modovisible
The following presentation from the Migration, Remittances, and Development Program’s Remittance Industry Observatory (RIO) features new data on remittances in Venezuela. The data release underscores the increasing importance of remittances to the country in the context of increased emigration and political instability. Remittances reached US$4.2 billion in 2022 and are now received by an estimated 29 percent of Venezuelan households. Despite the volume, remittances are almost entirely transmitted through unlicensed providers and a disproportionate amount originates from the US.
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Related Links
- La migración y la democracia: alternativas entre la exclusión y expulsión
- Chavez: “It troubles me that the Venezuelan refugee crisis is not getting the attention it deserves”
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