Concept in Definition ABC

The concept of remittance is a concept that is used to refer to the act of sending something, usually abroad. In most cases, remittances are made in the form of capital or money that is sent from a country to another with different goals. In other cases, the remittance may also be another type of shipment of any other item, although this is not the largest of cases.

The most common use of the term remittance is when we speak of a money transfer that a person or individual moves from one country to another, usually from the country in which he is found to another in which he is still be your family, as a means of payment so that it can subsist in the absence of it. Remittances at the individual level are a very important movement of money if we take into account that in the last century the rate of emigration from one country to another has increased a lot and that in most cases the immigrants who arrive in a country go through a first stage from adequacy in which only the man or father of the family travels while the woman and children remain in their place of origin, receiving this money constantly to pay for expenses.

Money remittances to foreign countries are considered to rank second in financial movements most important cities on the planet after the international aid that can be given in crisis situations (both since organisms non-governmental as well as fiscal agencies). Thus, remittances keep capital in constant motion and are the cause of much of the movement of money across seas.

Countries show greater or lesser variability in the list of remittances sent or received depending on their economic situation, politics and momentary social. Thus, when countries are in deep crisis, there is a greater inflow of remittances from those native inhabitants who have had to leave the place to get a better future in another part. On the contrary, the countries with the highest stability They will not present such a large inflow of remittances, but they will be the place from which these remittances leave in greater numbers.