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Armin Craig

Status of Thais Abroad and Money Transfer Options - 0 views

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started by Armin Craig on 18 Jun 12
  • Armin Craig
     
    Many Venezuelans come to America as young adults to attend university. It takes an intense dedication in high school, just to be accepted to an American university, as Venezuelan schools are not the most respected in South America.

    As well as those that migrated to America for educational opportunities, growing numbers have come for political reasons. While the US certainly has her own political demons, the distaste for the current regime in Venezuela and their stringent policies is a polarizing source for many.

    The options to send money to Venezuela vary, but of late, taking advantage of the ability to send money online has been attractive to the intellectual Venezuelan community.

    In the past Venezuelans utilized traditional money transfer services. With these services, both sender and recipient had to report to a third-party location to complete the money transfer. Recipients have become more and more weary of these establishments as it makes the process lacking in privacy.

    Due to the business acumen and success for Venezuelans in America, most of them hold and maintain US banks accounts for proper storage of their funds. The easiest method for them to send money to their family back home would be to simply transfer money to their family's bank account. Unfortunately it's not that easy, as a less than ideal amount of those in Venezuela don't use banks due to proximity or trust.

    Reloadable debit cards provided by a few services allow an increased level of flexibility and value for those transfer money back home. Once the card is shipped out, the sender is able to add money onto the card online as often as they would like. Recipients use the card to withdraw funds at most any local ATM. The advantage here going to those who send money on a regular basis. The ease and security provided by this method make it a surely increasing option.

    As Venezuelans continue to seek educational and salary opportunities in the US, those that send money to Venezuela will grow concurrently. The method in which they transfer money may become more and more the same, a reloadable debit card.

    Asia is one of the most diverse continents due to its many constituent countries representing different cultures, races, and traditions. One of these countries is Bangladesh - which means the Country of Bengal. Aside from being identified as one of the world's N-11 or Next Eleven Economies, the country takes pride in its rich biodiversity, largest mangrove forest, and the ever popular Bengal Tiger - all of which have strengthened Bangladesh's tourism industry.

    Being in a struggling economy is further hardened by the fact that it is the eighth most populous nation in the world. It is estimated that there are more than 5 million Bangladeshis who work overseas. They greatly contribute to the wellness of their families, of the communities they belong to, and to the growth of their country's economy as they transfer money from their job sites to local Bangladeshi remittance stations.

    The currency of Bangladesh is Taka (BDT). Current exchange rate per dollar is pegged at 81 taka. Despite the lows of the Bangladeshi currency, hopes are still seen for it to gain more strength in the foreign exchange market. Online money transfers, Online money transfer

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