What is an outward remittance?
Cross-Border Payments
Asked by Question Bot01/Aug/20161 answer
1 Answer
F
Faisal Khan
Answered 01/Aug/2016
Money exiting the country. So if someone quotes you a figure saying that US Outward remittances for year 2012 was USD 125 Billion, this means USD 125 Billion was wired from the United States to other countries.