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Emigrants send record value of almost 750,000 dollars per day to Cape Verde

Cape Verdean emigrants sent an average of US$750,000 per day in remittances to the archipelago in the first half of 2022, a 40% increase over the previous year.

In contrast, remittances in foreign currency sent by immigrants in Cabo Verde to their countries of origin decreased by 18 percent in the first half of the year compared to 2021, according to data from the Central Bank.

According to a Bank of Cape Verde (BCV) statistical report this month, remittances sent by Cape Verdean emigrants rose to nearly US$158 million from January to June 2022, compared to US . . .

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