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- Kenyans sent home a record 26.8 billion Sh ($ 266.2 million)
June 2018 compared to 25.5 billion shillings ($ 253.7 million) that they sent in May.
The month of June was a good month not only for the Kenyan economy, but also for ordinary Kenyans, with remittances from the diaspora that grew by 72%.Kenyans sent a record to Sh26. $ 8 billion ($ 266.2 million)
June 2018 compared to 25.5 billion shillings ($ 253.7 million) that they sent in May.Remittances from the Diaspora Rise Due to Lower Costs
cash back and the effect of tax amnesty for handing over hidden badetsLatest data from the Central Bank of Kenya (CBK) Kenyans
living abroad have now sent home a total of Sh 138.8 billion in the first six
month of the year, up from 89.2 billion shillings in the corresponding period of 2017."
a good performance is driven by new partnerships between commercial banks and
international money transfer providers that has lowered the cost of
money transfers. It is also explained by the adoption of new financial products "said CBK in its weekly bulletin.In March 2017, the government extended the amnesty for Kenyans rich in
mid-2018 as the government sought to strengthen compliance.Read also: Kenyans abroad sent home $ 142.6 million last year
The tax amnesty that was to expire at the end of the last
months has since been extended until next year." The 12-month average entries until June 2018
the upward trend of $ 203.9 million (20.5 billion shillings)
million (Sh14.7 billion) in the 12 months to June 2017. "play a crucial role not only in supporting the Kenyan economy, such as helping
the shilling sits 2.7 percent against the greenback this year but
also to keep most families afloat that millions of households depend on the
money to pay tuition, drugs, food and development.Kenyan families withdrew from poverty through remittances
Diaspora
remittances are the largest source of foreign exchange earnings
in Kenya, in front of tea, tourism, horticulture and coffee exports.this reason that experts have warned Kenya's interior minister Hon. Fred
Matiang & # 39; i to practice sobriety in the war against illegal immigrants in the
country since the question was a double-edged sword.In April,
Mr. Matiang & # 39; i announced a government crackdown targeting more than 100,000
the issuance of new work permits and the revocation of those issued
to undeserving foreigners.The Kenya
National Bureau of Statistics and CBK figures show foreign currency
the badets were the equivalent of 514 billion shillings at the end of May.
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