In this photo taken Thursday, April 2, 2020, Abdalla Sabdow, a former security guard and a father of six, checks to see if money he was expecting from his cousin who lives in New York has arrived, but which didn't because his cousin is on lockdown and unable to make the transfer, at the Dahabshiil money transfer service in Mogadishu, Somalia. The devastation wrought by the coronavirus that causes COVID-19 across the developed world is cutting into the financial lifelines for people in Latin America, Africa and Asia. (AP Photo/Farah Abdi Warsameh)
A money transfer service in Somalia on April 2. Remittances are expected to decline the most to Europe and Central Asia, followed by Sub-Saharan Africa and South Asia. Photo: AP

Global remittances to fall by 20% this year due to Covid-19 crisis




Latest
Most Read
Top Videos

On The Money

Make money work for you with news, features and expert analysis

      By signing up, I agree to The National's privacy policy
      On The Money