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Emigrants in the PALOP sent 27 million euros in May. Shipments rose 14.2 percent

Remittances from emigrants in Portuguese-speaking African Countries (PALOP) rose 14.2 percent in May, from 24 million dollars in May 2021 to 27.4 million dollars in May this year, according to the Bank of Portugal.


According to data made available this Wednesday by the financial regulator, the funds sent by Portuguese workers in the PALOP rose 14.2 percent and represent an increase of almost 30 percent compared to the amount sent in May 2020, at the beginning of the pandemic of covid-19.

As usual, values ​​from Angola represent the vast majority of the total, with Portuguese emigrants in Angola sending 26.6 million euros in May, 13.9 percent more than the 23.4 million sent in May of the past year.

Globally, remittances from emigrants rose 1.15 percent in May, to 288.07 million euros, while amounts sent by foreigners in Portugal rose 8.9 percent, to 42.6 million euros.

The Portuguese working abroad sent 288.07 million euros, which represents an increase of 1.15 percent compared to the 284.8 sent in May last year.

Conversely, foreigners working in Portugal sent 42.61 million euros to their countries of origin, which is equivalent to an increase of 8.92 percent compared to the 39.12 million sent in May 2021.

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