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Tue, November 29, 2022 at 21:55
Executive Board Member Naji Abou Zeid on Remittances

Executive Board Member Naji Abou Zeid on Remittances

“Despite the global pandemic and its consequent worldwide economic crisis, Lebanese expatriates proved during the past few months to be the ultimate “support system” for the devastated Lebanese society. […] Inbound remittances through electronic money transfer companies formed around 17% of the 7 billion dollars of total inbound inflows back in 2019 while, according to various studies and forecasts, this number is expected to reach 25% in 2021.”
In his recent article, Naji Abou Zeid, Executive Board Member of OMT, reflects on the past year, and reveals the scope of the impact OMT has had on the Lebanese economy.
The piece is an inside look at numbers and analyses of the international money transfer market in the midst of unprecedented economic hardships.
To read the full article, click here.