Glossary

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Exchange Rate:  a calculation used by the company transferring the money to convert pounds sterling into the currency that the person you are sending to collects the money in.

Migrant Worker:  a person who is engaged or has been engaged in a remunerated activity in a State of which he or she is not a national (Source: UN Convention on the Protection of the Rights of all Migrant Workers and Members of Their Families)

Remittances: Monies earned or acquired by migrants that are transmitted back to their country of origin (Source: United Nations Population Information Network).

Wire transfer: a method of transferring money from one person or institution (entity) to another. A wire transfer can be made from one bank account to another bank account or through a transfer of cash at a cash office.

Xenophobia: An unreasonable fear or hatred of foreigners or strangers or of that which is foreign or strange. (Source: Webster’s Dictionary).

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