June 15, 2023 /Security/ — The International Day of Family Remittances is a day celebrated every year on June 16 to highlight the importance of remittances to families and communities around the world. Remittances are the money that migrants send back to their families in their home countries. They are a vital source of income for millions of families, and they can have a significant impact on the economies of developing countries.
The International Day of Family Remittances was proclaimed by the United Nations General Assembly in 2018. The day is aimed at migrants because they are the ones who send remittances. Migrants often send money back to their families to help them with basic needs such as food, shelter, and education. Remittances can also help to boost the economies of developing countries by stimulating local businesses and creating jobs. Continue reading