October 2016 | Released on 12 December 2017
Remittances remained high as Christmas season approaches
|* TOP $m||Oct 16||Sep 16||Aug 16||July 16|
|Private Capital Transfer||0.54||0.43||0.33||0.28|
Remittances slightly rose over the month of October 2016 by 1.2% ($0.3 million) to $23.2 million, underpinned by higher inflows of private transfers mainly receipts for family support. In year ended terms, total remittances reached $263.3 million, $44.4 million (20.3%) higher than it was a year ago. Remittances receipts represented 38% of the total overseas exchange transaction (OET) receipts in October, which is close to the 37% recorded in September. Over the year, remittances represented 39% of the total OET, which is the same as it was for the year to September 2016.
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