Migrants and investors’ remittances to Algeria worth 3 billion dollars : World Bank

The volume of remittances by Algerian migrants residing in many countires of the world especially European ones reached 2.9 billion dollars during the first six months of this year, the World Bank said.

• In a study recently prepared, the World Bank noted that there is a big rise in the volume of Algerian migrants’ remittances compared to the last year.
• Remittences also included a number of investors who made significant financial transfers within investment projects. The value of these remittances were determined through those made by migrants across various ports and airports, in addition to transfers that take place through financial institutions, including “ Western Union”.
• For the first time, according to the world bank, these transfers have known a huge rise in Algeria compared to the last years. They did not excceed one billion $ annually unlike neibouring countries such as Tunisia and Morocco.