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Remittances from Nicaraguan migrants mark new record, passing $US4 billion

Migrants from Nicaragua and Ecuador stand by a door on the border wall waiting to be picked up by United States Border Patrol in El Paso, Texas, US, on 4th January, 2023

San JoseReuters Nicaraguan migrants sent relatives back home record remittances this year through November, data from the country’s central bank showed on Wednesday, fueled by massive waves of migration leaving the Central American nation in recent years. In a statement, the bank noted a record haul of about $US4.24 billion in remittances for the 11-month […]

Salaries to remittances: Afghans embrace crypto amid financial chaos

Afghanistan currency exchange

Thomson Reuters Fiundation When Roya Mahboob began paying her staff and freelancers in Afghanistan in bitcoin nearly 10 years ago, little did she know that for some of these women the digital currency would be their ticket out of the country after the fall of Kabul in August. Mahboob, a founder of the non-profit Digital […]

Migrant families wary as El Salvador becomes first to adopt bitcoin

El Salvador Bitcoin1

Colon, El SalvadorReuters Each month, Salvadoran tailor Julio Ramirez receives a small wire transfer from his two daughters in the United States, who have to pay a few dollars in commission fees for the transaction. As of this week, El Salvador’s government says its historic adoption of bitcoin as legal tender will save Salvadorans living […]

Dreams dashed: Malawi migrants return empty-handed from South Africa

Malawi Red Cross workers

Blantyre, MalawiThomson Reuters Foundation Siphat Simali imagined that when she finally got back to Malawi she would return with pride and enough earnings from South Africa to support her two children and start a small business. Instead, the 28-year-old former domestic worker was bussed home empty-handed and shamefaced, one of a thousand to return last […]