Thursday, 9 December 2010
Migrant worker remittances reached US$5 billion
Total remittance garnered by Indonesia's more than 4 million migrant workers as of September reached US$5 billion, or around Rp 45 trillion.
There are now 4.32 million Indonesian workers overseas sending money back home, according to the central bank's release Thursday.
Bank Indonesia, the ministry of manpower and transmigration and the Placement and Protection of Overseas Labor (BNP2TKI) have been monitoring migrant workers placements since 2005.
The central bank said this was important to count the total flow of foreign exchange sent by TKI or remittances, which showed improvement over the last few years.