UVA (Pacnews) Fiji was one of the top 10 remittance recipients in 2007 in the East Asia and Pacific region.
Pacnews reports Fiji is estimated to have received $247million (US$165m) in inward remittances in 2007.
This was the same as the previous year, the report revealed.
However, the report said that the true size of remittances including unrecorded flows through formal and informal channels, is believed to be larger.
The report noted that the acting deputy governor of the Reserve Bank of Fiji, Barry Whiteside, had highlighted that remittances to Fiji in 2006 amounted to $313million (US$210m). [Read more]
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