HIGHLIGHT - NEW!
Globally, sending remittances costs an average of 8.36 percent of the amount sent. This figure is used to monitor the progress towards the "5x5 objective" for reduction of remittance prices, which could save migrants up to $16 billion a year. Read our March 2014 report on global trends for remittance prices.
The World Bank will certify remittance prices databases that meet minimum requirements and authorize them to use this icon. Currently, databases for Africa, Australia/New Zealand, Central America, France, Germany, Italy, and Norway have been certified by the World Bank.