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It is the third-largest source of foreign currency, after oil and car exports:

  • Oil exports: USD 45.9 billion
  • Cars: USD 30.9 billion
  • Remittances: USD 23.6 billion

It is also very important, because it is a cash flow that reaches the population directly (e.g. most remittances are bank transfers or money orders between individuals), unlike exports which have to be taxed first.

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