Tuesday 4 September 2007

ALBANIA: Remittances aid families of immigrants

By William J. Kole
September 4, 2007

TIRANA, Albania (AP) — One sweaty wad of bills or $200 Western Union wire transfer at a time, millions of immigrants around the world form what could be called Immigration Inc. — one of the biggest businesses on the planet.

Globally, remittances — the cash that immigrants send home — totaled nearly $276 billion in 2006, according to the World Bank. Remittances have more than doubled since 2000, and with globalization increasing the number of people on the move, there's no end in sight. [Read more]

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