Everyone keeps citing that the average cost of sending remittances (as quoted by The World Bank Group) is 7.x%.
This is not correct. The rate quoted here is a non-weighted number. See this short video that explains why the number has been misused.
Everyone keeps citing that the average cost of sending remittances (as quoted by The World Bank Group) is 7.x%.
This is not correct. The rate quoted here is a non-weighted number. See this short video that explains why the number has been misused.