What is Family Remittance?
Remittance is the amount of money sent by ex-pats from one country to another. The question might come to mind why people left their families and starts living in abroad. They do it because they want to enhance the living standard of themselves and their families. Family remittance is money sent by an overseas to directly the home country to support its family. To live abroad and experience a new culture is not as easy as it looks. Some compulsions and poor lifestyles urge people to live abroad to earn and support families. Overseas are the force of laborers, workers, doctors, and many other professionals who work overseas. They mostly belong to under-developed countries. The ex-pats are real boosters and supporters of the economies of countries worldwide. The movement of money from country to country helps them to grow and stand independent. All governments should develop policies that support the role of these hard workers and value their services. According to some factual d...