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remittance country

 

Definitions from the Web

Remittance Country

A remittance country refers to a nation that receives a significant amount of money from its citizens working abroad, who send regular payments or remittances back to their home country. These remittances contribute to the economy of the receiving country and are often an essential source of income for many families.


Sense 1: Definition as a Noun

Remittance Country (Noun) - A country that relies on remittances as a substantial portion of its foreign currency earnings and economic growth.

Example Sentences:

  • India is considered a major remittance country due to the significant number of its citizens working overseas.
  • In the Philippines, the government actively supports programs to further develop the potential of the country as a remittance country.
  • Due to its high reliance on remittances, the economy of Tajikistan is greatly affected by global economic changes and trends.

Sense 2: Definition as an Adjective

Remittance Country (Adjective) - Describing a country that predominantly receives remittances from its citizens working abroad.

Example Sentences:

  • Workers in the United Arab Emirates send substantial amounts of money back to their remittance country every month.
  • A significant portion of the Brazilian population lives abroad and sends regular remittances to their remittance country.
  • The economic stability of a remittance country heavily depends on migrant workers and their contributions.

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