Higher oil prices may not amount to higher remittances this time

Higher oil prices may not amount to higher remittances this time

India took the top spot on remittances received in 2017. Remittances increased by about 10% last year over 2016, although this comes on a favourable base considering that remittances had decreased by 9% in 2016. Shouldn’t higher crude oil prices this year lead to a rise in remittances?

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