Remittances to hit US$103.1m, central bank says

Rwandans working and living abroad are expected to send more money home as the central bank projects projects remittances to increase by 4.9 percent from US$98.2m (Rwf58.1b) to US$103.1m (Rwf61.2b) as the economy recovers.Statistics from the central bank show that total remittances to Rwanda increased by five percent to $US25.7m (Rwf15.3b) in the first quarter of 2011 compared to $US24.5m (Rwf14.6b) in the same period last year.