Friday, October 31, 2008

Rip off robbery

According to the World bank, last year 190m migrant workers sent cash home, for total amount of $337 billion

The robbery story is that: On average, sending $500 from Spain to Brazil will incur a modest charge of $7.68, or a 1.5% fee. Sending the same sum from the Netherlands to Indonesia costs a whopping $86.41, a 17.3% charge.

(f) economist.com

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