According to the most recent data from the Bank of Italy, which constantly monitors incoming and outgoing financial flows, Italian workers abroad sent home just over 400 million euros by the end of 2023, while foreign workers in Italy sent nearly 8.2 billion euros via money transfer operators. Bangladesh is one of the most "generous" foreign worker communities in the top remittance mailings (as early as 2018). A sizable community (174 thousand people lived in Italy at the end of last year), but not the largest ever (Romanians, for example, outnumber one million), and only slightly larger than Filipinos. On the other hand, the latter send home "only" 600 million euros each year, whereas Bangladesh receives nearly twice as much from Italy (1,166 million euros). This is also explained by the fact that Bangladesh has implemented procedures to encourage the use of official channels for remittance transfers, including economic incentives, which most likely leads to an overestimation of the flow of money when compared to other countries. Another criterion is geographic proximity. In fact, the Bank of Italy statistics only include money transfers made through official channels, such as money transfers or post office counters, and do not include cash physically transported. On the other hand, this channel is likely to be widely used by Romanians, who frequently return home during the summer (also because they are an EU country and have no permit constraints), as well as Moroccans, a very large community that uses official channels for remittances for "only" 562 million per year, whereas Tunisia and Moldova are not even among the top ten countries for money remittance.
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