Oil and Gas

Is there a link between oil prices and remittances?

Two World Bank reports point to a possible link between the fall in oil prices and the drop in global remittances. Image: REUTERS/Sergei Karpukhin

Donna Barne

Corporate Writer, World Bank

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Commodity price indexes and crude oil price for 2016
Image: World Bank
 Remittance outflows from Russia are closely related to the oil price, but those from GCC countries are not
Image: World Bank
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Oil and GasEconomic Progress

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