Latest / The Emerging Markets Podcast with Fexingo: Developing Economies, Growth, and Investment
How Remittance Flows Are Reshaping Emerging Market Currencies
In this episode of The Emerging Markets Podcast, Lucas and Luna explore a quiet but powerful force in developing economies: remittance flows. With the US dollar index at 120.1 and the yuan at 6.77 per dollar, billions sent home by migrant workers are propping up currencies and funding consumption in countries like India, the Philippines, and Mexico. Lucas breaks down how remittances now exceed foreign direct investment in many EMs, and why central banks from Pakistan to Nigeria are courting diaspora bonds. Luna questions whether this dependency is sustainable, especially as geopolitical…
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