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Introduction The share of labor earnings that migrants send home to support their families is known as migrant or worker s remittances. These transfers have been growing rapidly in the past few decades and are often used to cover living expenses, supplement food consumption, and afford healthcare and education. Studies have shown that remittances play a critical role in alleviating poverty in middle- to low-income countries. In recent decades, remittances have become larger and more stable sources of income than traditional external revenue streams such as foreign direct investment, tourism, portfolio equity, and commodity exports. Nowadays, remittances represent the largest source of foreign currency for many developing countries.

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