RBF

$332 million received in personal remittances by families in Fiji from people overseas in the first five months of this year

$332 million received in personal remittances by families in Fiji from people overseas in the first five months of this year

By Vijay Narayan
Monday 02/08/2021
Reserve Bank of Fiji. [Image: File Photo]

$332 million was received in personal remittances by families in Fiji from people overseas in the first five months of this year.

The Reserve Bank of Fiji says the total personal remittances grew by 27.7%.

It says this is contributed mainly by higher inflows from personal transfers, which more than offset the decline in compensation of employees and migrant transfers category.

Meanwhile, tourism earnings in the first quarter of 2021 declined by a significant 99.1% to a total $2.8 million, led by negative contributions from all source markets.

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