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<p>Based on available data it is estimated that the UK sent remittances overseas in
2018 totalling $10.4 billion and that in 2019 the estimated total of remittances sent
overseas from the UK was $10.5 billion. Recognising the importance of remittance flows
to developing countries, the UK, together with the Swiss government, launched a Call
to Action in May to highlight and address the significant predicted fall in remittances
caused by the COVID-19 crisis. We are working hard to improve the flow of remittances
by improving price transparency, supporting digitisation and working across Government
to address issues of money transfer operators de-risking.</p>
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