(via IHT) Some migrant data : The number of international migrants has more than doubled since 1970. Worldwide, one in every 35 persons is now a migrant. In 1970, money sent home by international migrants to developing countries through official channels amounted to $2 billion. By 2003 the figure was $93 billion. If unofficial transfers are also counted, the volume of such remittances could be double this amount. These figures are staggering, exceeding the $68.5 billion that rich countries currently spend on official development assistance. read more >>>
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There have to be some incentives (e.g. lesser bank charges) to channel these remittances through the official channels. With the current security situation as it stands, more the reason to stick to wire/electronic transfers instead of handling cash. Also see,
http://news.bbc.co.uk/2/hi/africa/3592272.stm
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