Migrant worker 2018 remittances to top US$3 billion: Central Bank

Focus Taiwan
Date: 2019/02/06
By: Pan Tzu-yu an Flor Wang

Taipei, Feb. 6 (CNA) Migrant workers likely remitted more than US$3 billion out of Taiwan in 2018, reflecting their growing numbers in the country, according to the Central Bank of the Republic of China (Taiwan).

In the first 11 months of 2018, migrant workers remitted US$2.8 billion out of Taiwan, compared with US$3 billion for the whole of 2017, said Ho Pei-chen (賀培真), deputy head of the central bank’s Foreign Exchange Department.

That amounted to remittances of more than US$300 per migrant worker on a monthly basis, which accounts for as much as half of their income, she said, based on statistics compiled by the Ministry of Labor (MOL).

The MOL estimates that foreign caregivers in Taiwan earn an average of US$647 per month and industrial workers average US$902 per month, Ho said.    [FULL  STORY]

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