Remittance costs for 200 USD in 20 countries in Latin America as of Q3 2023
Sending remittances to Cuba was twice as expensive in the third quarter of 2022 than to other countries in Latin America, such as Suriname or Paraguay. This is according to an average taken from different situation in which consumers send money worth 200 U.S. dollars from one country to the next - including cash, MTOs (money transfer organizations) or cards. The source adds that incoming remittances were estimated at 6.39 percent on average for the G20 countries during this timeframe.
